The Employment Situation in German Railway Companies and Their Financial Performance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F23%3A%230001029" target="_blank" >RIV/04274644:_____/23:#0001029 - isvavai.cz</a>
Result on the web
<a href="https://www.dpublication.com/wp-content/uploads/2023/06/67-202374.pdf" target="_blank" >https://www.dpublication.com/wp-content/uploads/2023/06/67-202374.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Employment Situation in German Railway Companies and Their Financial Performance
Original language description
The article investigates how personnel costs and employment situation in the railway sector affect the financial performance of the main railway companies operating in the German railway sector, specifically in regional transport. It shows analyzing companies´ annual reports and other publicly available data that most companies face a lack of qualified operating staff, that their personnel cost annually increased but labor productivity has been reduced. The shortage of available employees is the main obstacle to new transport contracts or even to continuing existing activities. The only solution is to train new train drivers, customer service representatives, operations planners, control center staff and other personnel which can lead to a much better availability of operational staff at the railway companies. The power of labor unions including the possibility to affect wage negotiations should be reduced. The German railway reform enabled many companies to enter the passenger railway market, leading to an increase in the number of passengers, better customer services and other improvements. However other positive development can be achieved only if personnel cost and employment structure do not threaten the profitability and positive financial performance of railway companies.
Czech name
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Czech description
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Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of The 6th International Conference on Advanced Research in Management, Business and Finance
ISBN
9786094854163
ISSN
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e-ISSN
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Number of pages
18
Pages from-to
21-38
Publisher name
Diamond Scientific Publishing
Place of publication
Vilnius
Event location
Amsterdam
Event date
Jan 1, 2023
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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