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Germany Today

German news in English

Friday, November 22, 2024

Deutsche Bahn's Ambitious 2027 Turnaround Plan

Published: 2024-09-08

Deutsche Bahn CEO Richard Lutz has unveiled a comprehensive 110-page restructuring plan, dubbed "S3," aiming to make the state-owned railway profitable and punctual by 2027. The plan, which will be discussed at the upcoming board meeting, outlines strategies to achieve a €2 billion operating profit.

Key focuses include revamping infrastructure, enhancing operations, and improving economic efficiency.

However, skepticism remains, with critics labeling the plan as "old wine in new bottles," citing past unmet promises.

Transport Minister Volker Wissing has demanded immediate improvements in punctuality and efficiency, emphasizing the need for structural reforms and cost savings, particularly in administration.