Austrian Railways: Losses Amount to € 28.0m

TransportRail ♦ Published: December 12, 2011; 17:50 ♦ (Vindobona)

The Austrian Federal Railways (ÖBB) could reduce its expected losses for 2011. Operating results could be positive.

Austrian Railways: Losses Amount to € 28.0m / Picture: © Wikimedia Commons / NÖLB Mh [CC BY-SA 3.0 (]

In 2011, expected losses for ÖBB reach € 28m. Previously, € 48m were estimated. The management announced that staff receives a bonus of € 180 if all three segments register a positive operating result in 2011. This is probable says ÖBB.

Furthermore, the railway group announced to pay overtime premiums subsequently. On average, this means a 0.36% wage increase. ÖBB´s CEO…

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