Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.20 - Freight Rail Transport

2,300 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2024
Employment effect (start)
10 October 2024
Foreseen end date

Description

As announced on 10 October 2024, DB Cargo, the German freight train subsidiary of Deutsche Bahn, plans to cut 2,300 jobs.

After negotiations with works councils and the union, a restructuring plan was agreed upon. The jobs are expected to be eliminated not through compulsory redundancies, but through a social plan and a voluntary exit program. In addition to the job cuts, new business areas will be created, more closely aligned with customer needs.

DB Cargo has been in crisis for several years, reportedly due to mismanagement, which has put the company in a difficult financial situation.


Sources

Citation

Eurofound (2024), DB Cargo, Internal restructuring in Germany, factsheet number 201738, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201738.