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Germany’s Deutsche Bahn to slash 2100 rail freight jobs

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Germany’s railway operator Deutsche Bahn (DB) plans to cut 2,100 jobs from its freight transportation subsidiary, DB Cargo. 215 freight transport points in Germany will be closed.

DB Cargo employs 17,000 people in Germany and, despite of a loss of market share over recent years, from 72 percent five years ago to 62 percent in Germany last year, it is still Europe’s largest rail freight company. Last year, the company reported losses of €184 million.

Customers in northern and eastern Germany, where the focus of the cuts will be, will be practically cut off from rail freight transport.