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Indiaexportnews.com

Situation gets worse

  05.03.2009    

The situation of the largest Polish freight operator is getting worse and worse from month to month, PAP reported. Furthermore, PKP Cargo is main client of many companies - due to it's problems, they'll sack their employees. Railway Business Forum's opinion poll brings more disturbing news.
The poll was made among 75 managers from private railway companies. A dozen or so per cent of them are going to sack their employees. The situation at rolling stock modernization and repair market is the worst (18 thousand of staff employed).
As claims near half of the asked (46%), in 2009 the market situation will decline. Almost one third (30%) thinks that the negative changes will appear in next three months.
- The vast majority of companies on railway market are addicted to orders from PKP Cargo - says TOR Consultants Ltd. expert, Marcin Kamola. - The operator is in great financial troubles and decreased number of it's new contracts. That soon will influence the whole sector - Kamola explains.
- This year will be no good for PKP Cargo - adds Janusz Lach, member of the PKP Cargo's board. - Only in January, the company's loss was PLN 103 million (1 EUR = 4,743 PLN). And the situation is not going to change until end of the May - he claims. Lach adds that net loss for will probably be PLN 175 million.



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