Financial trouble

Moldovan Railways cuts work week short as thousands are waiting for their salaries

Image: Shutterstock. © Gagarin Iurii

Moldovan Railways (CFM) is reducing the work week for its employees to four days. The reason is a lack of resources to pay its staff. A decline in freight traffic following Ukraine’s defense successes seems to be the primary culprit behind the financial problems.

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Author: Dennis van der Laan

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Moldovan Railways cuts work week short as thousands are waiting for their salaries | RailFreight.com
Financial trouble

Moldovan Railways cuts work week short as thousands are waiting for their salaries

Image: Shutterstock. © Gagarin Iurii

Moldovan Railways (CFM) is reducing the work week for its employees to four days. The reason is a lack of resources to pay its staff. A decline in freight traffic following Ukraine’s defense successes seems to be the primary culprit behind the financial problems.

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Tags: , ,

Author: Dennis van der Laan

E-mail

Related posts

Innovation TX Logistik and Wascosa join forces to market NiKRASA handling system

TX Logistik and Wascosa have signed a cooperation agreement. The two companies are joining forces in the freight wagon rental business and will, in particular,…
Hydrogen+lng logistics Modalis continues expansion into low-carbon energy logistics

French intermodal logistics solutions provider Modalis Group has announced the acquisition of Air Flow, a hydrogen and industrial gas logistics specialist. It follows Modalis’ purchases…
Sale of the century DSV officially wins DB Schenker race: 14,3 billion euros

Danish logistics company DSV will be the new owner of DB Schenker. The company is putting 14,3 billion euros on the table for the acquisition,…
Restructuring PKP Cargo signs two more agreements for employee transfers

As part of its effort to find replacement jobs for workers to be fired otherwise, PKP Cargo has signed two more agreements for the transfer…

Add your comment

characters remaining.

Log in through one of the following social media partners to comment.