First a three-day strike at the beginning of January, now an unprecedented six-day strike: German train drivers' actions will hit companies, ports and consumers alike. But what are the actual consequences?
The wage dispute between Germany’s state-owned rail operator Deutsche Bahn (DB) and the train drivers’ union GDL is entering the next round.
This time, passenger transport will be affected from Wednesday morning (January 24 from 2 a.m. CET) until Monday evening, making it almost six days — and thus the longest strike in the history of the railroads in Germany.
Commerzbank Chief Economist Jörg Krämer estimates the strike will reduce value creation in just the transport sector by €30 million per day, which corresponds to 0.3% of daily gross domestic product.
Its reputation was already suffering severely due to repeated technical failures, an extremely decrepit railway network and continuing infrastructure problems, he said.
As far as several dangerous goods used in the chemical industry are concerned, rail transport is even required by law because of the reduced risk of accidents on trains.
Even in the absence of a strike, it wouldn’t be unusual for a freight train to be delayed for a day, he added, so the industry had certain buffers and had set up storehouses for emergencies.
The original article contains 1,109 words, the summary contains 172 words. Saved 84%. I’m a bot and I’m open source!
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The wage dispute between Germany’s state-owned rail operator Deutsche Bahn (DB) and the train drivers’ union GDL is entering the next round.
This time, passenger transport will be affected from Wednesday morning (January 24 from 2 a.m. CET) until Monday evening, making it almost six days — and thus the longest strike in the history of the railroads in Germany.
Commerzbank Chief Economist Jörg Krämer estimates the strike will reduce value creation in just the transport sector by €30 million per day, which corresponds to 0.3% of daily gross domestic product.
Its reputation was already suffering severely due to repeated technical failures, an extremely decrepit railway network and continuing infrastructure problems, he said.
As far as several dangerous goods used in the chemical industry are concerned, rail transport is even required by law because of the reduced risk of accidents on trains.
Even in the absence of a strike, it wouldn’t be unusual for a freight train to be delayed for a day, he added, so the industry had certain buffers and had set up storehouses for emergencies.
The original article contains 1,109 words, the summary contains 172 words. Saved 84%. I’m a bot and I’m open source!