Fri, Feb 10 2012

Bulgarian state railways to shed 2000 jobs

Fri, Aug 21 2009 10:44 CET

byDnevnik.bg

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Bulgarian state railways to shed 2000 jobs

Photo: Maria Subotinova

Bulgaria’s state railways, BDZ, will pension off or make redundant about 2000 employees by the end of the year as part of a package of measures to counter the economic slide.

The company currently has 15 532 people on the payroll.

The state-run National Railway Infrastructure Company, which maintains the operator’s infrastructure, reported a 20 per cent decline in revenue and a loss of 48 million leva for January to June, general director Anton Ginev said.

In an effort to curb the deterioration, the company will follow suit with pensioning off workers by the end of the year.

BDZ executive director Hristo Monov pinned the bulk of the blame for the lacklustre performance on the economic meltdown and the falling prices of ready-made products.

More pressure came from the withdrawal of one of the company’s key customers, Kremikovtzi, which went insolvent.

The carrier booked a six-month loss of 22.3 million leva, where reduced passenger and cargo traffic contributed 82 per cent.
 

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Comments

Anonymous Valeri Sat, Aug 22 2009 00:44 CET
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Cosmos,

why "excuse"?
No company or government should keep people they don't need, nor should they need and "excuse" to let them go.

On the other hand, no company or government would let people they need go.

The idea that the government owes jobs to 15,000 people and need an excuse to get rid of them is very commie time thinking.

Dianne is right by using the word "opportunity", for making those changes that should've been made long time a go.

Anonymous Cosmos Fri, Aug 21 2009 22:21 CET
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Well said its also in other countries just an excuse to lay off workers.

Anonymous Dianne Hatton Fri, Aug 21 2009 21:55 CET
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I somehow feel that the current credit crisis has been rather a golden oportunity for the BDZ management to shed a lot of its overheads. If you look at the real figures, BDZ has been in a major decline since 1990....Maybe its time to replace the management rather than the workers.


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