Eurostar to cut jobs, union wants it to be state-ownedStaff Writer | October 13, 2016
Cross-Channel high speed train operator Eurostar is to reduce the number of services it operates by 8% and intends to cut 80 jobs.
Transportation A severe reduction in passenger numbers and revenue
Eurostar had reported in August that passenger numbers in Q2 2016 were down 3% on Q2 2015 to 2.7 million, with sales revenues 10% lower at £208m.
CEO Nicolas Petrovic attributed this to terrorism, uncertainly arising from the UK vote to leave the European Union, and a slowdown in traffic from world markets.
TSSA General Secretary, Manuel Cortes responds to the news of 80 job losses and a cut in services at Eurostar:
"The Eurostar business has taken a colossal and unexpected hit because of the fall off in travel to Paris and Brussels in the wake of the criminal/terror attacks earlier this year.
"Our first priority as a union is to protect our members interests, their jobs, their pension and their redundancy rights during this difficult period and we will be vigilant in defending those interests.
"But, I would also point out that Eurostar is a vital strategic asset which should be brought into state ownership in Britain - as it is in France and Belgium - to become a vital part of our nation's future green and sustainable infrastructure." ■