Tuesday 19 October 2021


< back | business | images | knowledge | library | rail unveiled | home


::: RMT threatens national industrial action over service cuts

Railhub Archive
2003-11-13 NET-001
Network Rail


Network Rail statement - regarding headcount reduction

keywords: click to search

Network Rail

Phrases in [single square brackets] are hyperlinks in the original document

Phrases in [[double square brackets]] are editorial additions or corrections

Phrases in [[[triple square brackets]]] indicate embedded images or graphics in the original document. (These are not usually archived unless they contain significant additional information.)

Network Rail

Network Rail statement - regarding headcount reduction

13 November 2003
source Network Rail
type Press release


On 2 October, Network Rail announced its plans to reduce the number of senior and middle managers by 15% - around 600 staff, within six weeks. This forms part of the previously announced programme to reduce headcount by 2000 over three years which will help the company to achieve 20% efficiency savings (£1.3 billion) by 2006/7. Today a series of face-to-face meetings are taking place to personally inform these 600-700 employees who have been affected by the need to reduce costs.

It is expected that they will be leaving the company during November and December. Only management grades are affected, with front-line and operational employees left untouched. A full redundancy package has been negotiated for each employee with counselling and work placement schemes in place to help ex-employees find new jobs and careers.

Contact information

Media Relations (National)
020 3356 8700

Railhub Archive ::: 2003-11-13 NET-001


Not logged on

499 stories

2 documents

32 collections

6 documents

7 documents