Losses of German Railways

German railways will expel workers: Germany's railways (DB) have announced a loss of one billion 10 million euros in 2015 year after year 300.
German Railways (DB) announced that after 10 years, it lost one billion 2015 million Euros in 300. In the statement made by the company, it was stated that the DB had earned 40 billion Euros in revenue for the first time in its history, while the number of long-distance passengers increased by 2,2 percent. Underlining that they could not achieve the goal they set, DB CEO Dr. Rüdiger Grube said, "Our Earnings Before Interest and Taxes (EBIT) of 1,76 billion Euros, which we achieved last year due to the strikes we faced, has decreased significantly compared to the previous year. found in the description.
Although WB's revenue increased by 1,9 percent, or 748 million euros last year, EBIT fell to 350 billion euros, down to 1,76 million euros compared to the previous year. It was stated that the damage was caused by the reduction of the nominal value of the freight transport segment and the loss of 1,67 billion Euros as a result of the general structuring of the company. On the other hand, according to media reports, approximately 3 thousand 500 employees will be dismissed as a result of the damage caused by DB.
Allegedly, the number of employees expected to be dismissed in the North and West regions of the country could find five thousand. DB SözcüSu said that the economic situation of the company will affect the personnel, while the measures to be taken will be decided after consultation with the business representatives.
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Last year, the WB's gross capital expenditure increased by 2,4 percent to 9,3 billion euros due to high investment in infrastructure, while net financial debt increased by 7,9 percent year on year to 17,5 billion euros. “We are launching the largest investment campaign in Deutsche Bahn AG's history. The increase in financial debt is the product of this. " said DB Financial Affairs Manager Dr. Richard Lutz stated that they continue to be a reliable, stable and solid partner in the capital markets.
Lutz added that the railway company will start earning 500 million euros profit next year. The DB also plans to save 700 million euros by increasing its cost efficiency in the next five years. The DB is also experiencing the biggest expansion process since 1994. According to this, increasing the efficiency in human and freight transportation and ending the stopping of profit are among the biggest targets.
In this context, it is aimed to prevent delays with a three-stage program. The WB will stabilize transportation by 2020, and fulfill basic regulations by 2030. The company will invest 20 billion Euros for these goals in the next five years.