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Latest News

Network Rail sets wagon rolling on redundancy programme

by Personnel Today 3 Oct 2003
by Personnel Today 3 Oct 2003

Network
Rail, the national railways infrastructure company, dismissed 700 senior and
middle-ranking managers yesterday.

The
move came on the eve of the company’s first birthday and is part of a programme
of 2,000 redundancies to be made over the next two years.

Network
Rail, which employs 14,000 people, hopes the jobs cuts will help it to reduce
£13bn from costs over the next 10 years.

Iain
Croucher, deputy chief executive, said the redundancies would affect all parts
of the company except signalmen and were necessary to save ‘a business in
crisis’.

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Unions
have condemned the company’s use of compulsory redundancies.

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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