Under the restructuring program, Deutsche Bahn plans to partially privatize DB Arriva and DB Schenker Logistics, “to boost strategic development and finance further growth”. This plan is part of the six points of the restructuring plan.
Deutsche Bahn is launching an extensive restructuring program to make the Group fit for the future. “DB is going to become leaner, faster, more efficient and even more customer focused. Leaner management and structures, and more focus on customers, will enable us to successfully tackle the rapidly changing challenges in the world of mobility and logistics,” said DB CEO Rüdiger Grube who presented the company’s 2015 interim results.
The DB AG Supervisory Board had approved the restructuring program that involves: the reducing of Group Management Board Members, the merger of DB Mobility Logistics AG with with DB AG, a step that will reduce duplicate structures and simplify coordination and approval processes.
Under the restructuring agenda, the current Technology and Environment Division will be reassigned, the allocation of duties on the Management Board will be modified. One key aspect of this change is that DB’s integrated rail operations in Germany will be better linked than before: DB Schenker Rail will join DB Long Distance, DB Regio and DB Sales in the new Traffic and Transport Division. “This will enable us to focus even more on rail operations in Germany, which is what the German public also focuses on – and rightly so,” said Grube.
The fifth point includes the reorganization of the service functions and DB-internal services that will be brought together in a DB Global Service Center, with a focus on transparency, cost and efficiency.
“The transformation will start on August 1. Deutsche Bahn is modernizing its structures; DB2020 will remain our compass. The measures that have now been approved include additional savings compared with the previous budget of more than EUR 100 million at the corporate level; when previously approved measures are also taken into account, corporate and the corporate functions alone will be saving a total of over EUR 700 million by 2020,” Grube said.
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