Integrated Logistics
DB Cargo, Germany's DB Cargo, plans to cut 6,000 jobs in order to turn the company profitable
The chief of DB Cargo, a struggling 'freight' business within Deutsche Bahn, said that the company plans to cut '6,000 jobs by 2030, or nearly half its workforce. This is part of a sweeping'restructuring' aimed at'returning to profit', he added. Bernhard Osburg confirmed a report that the unit will eliminate 6,000 employees from DB Cargo, a 14,000-strong company, in an effort to reduce costs. He said they were 'too high. Osburg added that the business in the steel, chemicals, and automotive sectors had dropped sharply without staffing adjustments. In Germany, rail transports about one million tonnes per day. DB Cargo...