Deutsche Bahn stated that the sale of its remaining international subsidiaries is unlikely to generate significant revenue. Evelyn Palla, the company’s CEO, informed the Handelsblatt that the assets available for sale internationally will not contribute substantially to the group’s profit. While the earlier divestment of the forwarding subsidiary DB Schenker yielded an accounting profit of €7.3 billion, the group recently confirmed it will also be separating the DB International Operations segment, which runs trains in countries including India, Egypt, and Uruguay. Despite this, Palla remains committed to reducing the expected 2.3 billion euro net loss in 2025. “We aim to be very close to breaking even this year, and we will achieve that,” she stated. To facilitate this, a major corporate restructuring is planned to save €500 million annually, which includes cutting at least 30% of jobs within the central administration. Furthermore, Palla noted that job reductions of 6,000 within the DB Cargo freight division are progressing faster than anticipated. The CEO also expressed hope for overall efficiency improvements across the company’s 220,000 employees.
Economy / Finance
