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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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Legal Action Taken Over Cumbrian Rail Crash
It has been revealed that Network rail is to be prosecuted over the Cumbrian rail crash back in 2007, which claimed one life. The rail regulation body, The Office of Rail Regulation (ORR) has said that they have started legal proceedings against Network Rail for a breach of health and safety law.
Legal Action Taken Over Cumbrian Rail Crash
It has been revealed that Network rail is to be prosecuted over the Cumbrian rail crash back in 2007, which claimed one life. The rail regulation body, The Office of Rail Regulation (ORR) has said that they have started legal proceedings against Network Rail for a breach of health and safety law.
08 November 2011
High Speed Rail Network Gets Backing
A government committee has announced that a high-speed rail link between London and Birmingham has a "good case". The announcement comes after the Government carried out a public consultation on the proposal and the recommended route for an initial high-speed line from London to the West Midlands.
High Speed Rail Network Gets Backing
A government committee has announced that a high-speed rail link between London and Birmingham has a "good case". The announcement comes after the Government carried out a public consultation on the proposal and the recommended route for an initial high-speed line from London to the West Midlands.
09 October 2008
Scottish Rail Strike Suspended
Scottish rail services are expected to return to normal after talks between Network Rail and the Rail Maritime and Transport (RMT) union lead to a suspension of the 24-hour strike scheduled for noon.
Scottish Rail Strike Suspended
Scottish rail services are expected to return to normal after talks between Network Rail and the Rail Maritime and Transport (RMT) union lead to a suspension of the 24-hour strike scheduled for noon.
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".
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".
28 February 2008
Rail Boss Knighted As Company Suffers Record Fine
Network Rail has been fined a record £14 million by the Office of Rail Regulation for engineering work which overran during Christmas and the New Year. The fine was imposed for three serious overruns during the festive period, the worst of which was on the West Coast Main Line at Rugby in the West Midlands.
Rail Boss Knighted As Company Suffers Record Fine
Network Rail has been fined a record £14 million by the Office of Rail Regulation for engineering work which overran during Christmas and the New Year. The fine was imposed for three serious overruns during the festive period, the worst of which was on the West Coast Main Line at Rugby in the West Midlands.
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