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🇦🇹 Austria /Economy & Trade

ÖBB restructuring could save up to €80 million a year, CEO says

From Der Standard · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Austrian Federal Railways CEO Andreas Matthä expects the company’s planned restructuring to save €60 million to €80 million annually by eliminating duplication.
  • The government plans to amend the Federal Railways Act to make ÖBB easier to manage, faster and more efficient.

Austria’s national railway operator could save up to €80 million a year through a planned restructuring, according to ÖBB chief executive Andreas Matthä.

Matthä said the company could achieve annual savings of between €60 million and €80 million simply by removing overlapping operations. He made the estimate during an interview on ORF’s “ZiB2” program on Friday evening.

ÖBB is preparing for a reorganization that will require changes to the Federal Railways Act. The stated aim is to make the company easier to manage while improving its speed and efficiency.

The savings from eliminating duplication will amount to between €60 million and €80 million annually.

· Andreas MatthäThe ÖBB chief described the potential savings from the planned restructuring in an ORF interview.
About this summary

Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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