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date 13 November 2003 source Network Rail type Press release
National
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 mediarelations@networkrail.co.uk
