Deutsche Bahn set to cut thousands of jobs after stinging losses

Deutsche Bahn is preparing to cut 30,000 jobs over the ... Just before announcing job cuts, Deutsche Bahn shared that its net loss for the first half of the year had reached €1.2bn. Read More

Germany's Deutsche Bahn rail operator to cut thousands of jobs

German rail operator Deutsche Bahn plans to cut ... after reporting a net loss of €1.2 billion ($1.3 billion) in the first half of 2024. "We aim to reduce our workforce by about 30,000 full-time ... Read More

Job cuts at Deutsche Bahn: Rail workers report short-staffing and work-related stress

This is the area where the axe is to strike first. A total of 30,000 full-time jobs are to be cut at ... as a Deutsche Bahn trainee expired at the end of August. This was after she had worked ... Read More

Further cost-cutting measures to come at German state railway, source says

Further cost-cutting measures will be implemented at the German state railway Deutsche Bahn (DBN.UL) in an attempt to return it to profitability over the next three years, a government representative ... Read More

Deutsche Bahn suffers 16-fold jump in losses in first half

Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net losses soared 16-fold in the first half of ... had to be cut back to 30 billion euros after a ... Read More

European companies cut jobs as economy sputters

TED BAKER: The retailer said on April 8 it would close 15 stores in Britain, leading to a loss ... of job cuts. DEUTSCHE BAHN: The German rail operator said on July 25 it plans to cut 30,000 ... Read More

DSV promises billion-euro investment in bidding war for Deutsche Bahn's Schenker

BERLIN, Aug 30 (Reuters) - Denmark's DSV (DSV.CO), opens new tab is promising a billion-euro investment if it wins the bidding war for Deutsche Bahn's logistics ... its 15,000 jobs in Germany. Read More

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

Economists have estimated that the government will report Friday that employers added 160,000 jobs in August and that the unemployment rate slipped back to 4.2%. Since hitting a half-century low of ... Read More

Final Bids Value Deutsche Bahn's Schenker at Around 14 Billion Euros, Sources Say

While DSV can promise synergies as a freight forwarder, this could come at the cost of jobs and locations, they added. Deutsche Bahn is evaluating ... of more than 30 billion euros. Read More

Germany's Deutsche Bahn rail operator to cut thousands of jobs

German rail operator Deutsche Bahn said it plans to cut thousands of jobs, mainly in its administration, after it reported a net loss of €1.2 billion ($1.3 billion) in the first half of 2024 on ... Read More

Deutsche Bahn suffers 16-fold jump in losses in first half

Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net ... billion), compared with a loss of 71 million in the period last year. Its operating losses also stood at ... Read More