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30/06/2003
2,000 jobs to go in Network Rail efficiency drive
Up to 2,000 jobs will go at Network Rail over the next three years as part of the company's drive to drive down costs and improve efficiency.
Network Rail, which took over the running of the UK's rail infrastructure from Railtrack last October, today unveiled its plans to reduce costs by a fifth by 2006/7 – part of which will involves job losses. Overall, the company plans to save around £13 billion in operating costs by 2013.
Unions have reacted angrily to the move, and the Rail, Maritime and Transport's (RMT) general secretary Bob Crow has slammed Network Rail directors for awarding themselves loyalty bonuses last week only to hand out P45s to workers this week.
Transport Salaried Staffs' Association (TSSA) chief Richard Rosser also questioned the prudence of sacking so many workers while also pledging to increase output.
Network Rail's business plan update also contains plans to slash expenditure from a high of £6.1 billion in 2006 to £4.3 billion in 2012.
The programme will also seek to reduce £266 million from the maintenance budget; £804 million cost savings from renewals expenditure; and £246 million reduction in operating costs.
Iain Coucher, Deputy Chief Executive, said: “We are absolutely determined to drive down costs. Our key objective remains unchanged – to deliver safe, reliable and efficient rail infrastructure.”
"We believe that the programme of radical and rapid reconstruction of the company is the quickest way to achieve cost and performance improvements."
(GMcG)
Network Rail, which took over the running of the UK's rail infrastructure from Railtrack last October, today unveiled its plans to reduce costs by a fifth by 2006/7 – part of which will involves job losses. Overall, the company plans to save around £13 billion in operating costs by 2013.
Unions have reacted angrily to the move, and the Rail, Maritime and Transport's (RMT) general secretary Bob Crow has slammed Network Rail directors for awarding themselves loyalty bonuses last week only to hand out P45s to workers this week.
Transport Salaried Staffs' Association (TSSA) chief Richard Rosser also questioned the prudence of sacking so many workers while also pledging to increase output.
Network Rail's business plan update also contains plans to slash expenditure from a high of £6.1 billion in 2006 to £4.3 billion in 2012.
The programme will also seek to reduce £266 million from the maintenance budget; £804 million cost savings from renewals expenditure; and £246 million reduction in operating costs.
Iain Coucher, Deputy Chief Executive, said: “We are absolutely determined to drive down costs. Our key objective remains unchanged – to deliver safe, reliable and efficient rail infrastructure.”
"We believe that the programme of radical and rapid reconstruction of the company is the quickest way to achieve cost and performance improvements."
(GMcG)
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27 April 2004
Firms accept liability for Potters Bar rail crash
In a joint statement made today Network Rail and Jarvis plc have formally accepted liability for the 2002 Potters Bar rail crash. Network Rail and Jarvis said they hoped that by "formalising the liability issue, those affected by the tragedy will gain some level of comfort and assistance".
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24 October 2003
'Fundamental review' sees rail maintenance brought in-house
Network Rail has announced that it is to bring rail maintenance activity back in-house, and so unify the operation and maintenance of Britain's rail infrastructure. Today’s announcement represents the "most fundamental restructuring" of Britain’s railway since British Rail was reorganised in 1994, two years before privatisation.
'Fundamental review' sees rail maintenance brought in-house
Network Rail has announced that it is to bring rail maintenance activity back in-house, and so unify the operation and maintenance of Britain's rail infrastructure. Today’s announcement represents the "most fundamental restructuring" of Britain’s railway since British Rail was reorganised in 1994, two years before privatisation.
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