DB Cargo UK plans to cut almost 900 jobs, more than a quarter of its workforce, because of “rapid and unprecedented changes in the markets it serves”, with the dwindling of coal and steel transportation as a major factor.
It is proposing to cut 893 posts across its business, as well as downsizing its train fleet and closing depots. The company employs 3,400 people in the UK.
DB Cargo said no final decisions had yet been taken and the proposed redundancies would be subject to formal collective and individual consultations.
Unions said it was a “devastating blow” to the rail freight industry and called on the government to intervene to save jobs.