The Employment Situation in German Railway Companies and Their Financial Performance

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

The Employment Situation in German Railway Companies and Their Financial Performance

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Employment Situation in German Railway Companies and Their Financial Performance

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

18

Strana od-do

21-38

Název nakladatele

Diamond Scientific Publishing

Místo vydání

Vilnius

Místo konání akce

Amsterdam

Datum konání akce

1. 1. 2023

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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