ÖBB Restructuring: "There is no other Alternative"

People ♦ Published: March 12, 2011; 00:54 ♦ (Vindobona)

Christian Kern, CEO of the Austrian Federal Railways (ÖBB) explains his plans to manage the turnaround in an interview with the magazine "Standard".

ÖBB Restructuring: "There is no other Alternative" / Picture: © ÖBB-Holding AG / Sabine Hauswirth

CEO Christian Kern regards the company as unable to increase prices for the personal traffic division, which is mainly due to the increased competition. In December 2011, the competitor Westbahn will enter the market. However, the division will probably face losses again.

According to Kern, prices will not be changed in 2011. The CEO refers to Germany, where prices are…