Despite efforts, gloomy market conditions force LTG to release employees

Freight train units at Liepāja railway station, Latvia. License link: https://www.flickr.com/photos/104021946@N05/20095996229
Freight train units at Liepāja railway station, Latvia.

Lithuanian Railways are forced to release around 2,000 employees in an attempt to cope with the increasing financial losses. The company has consulted with employee representatives and will proceed to their release in a controlled manner, allocating 6 million euros for their compensation. The decision will be implemented despite LTG’s intense efforts to improve the situation.

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Author: Nikos Papatolios

Nikos Papatolios is the Chief Editor of RailFreight.com, the online magazine for rail freight professionals.

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