ATIONAL Carriers have ished their trading loss to m in
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the current year with most unchanged traffic plume and prices. And they e on course to cut the loss iIL further next year.
Credit for the reduction )es to NCL managing direcr Brian Hayward, who has anaged to make cuts in the aff and transit times, and organise the company.
Since he took over, the staff Is been reduced from 16,000 St year to 14,000 now.
Much of the reduction has en done in white collar jobs. ead office staff has been cut 7 almost half and there are ans to move to new cheaper ?adquarters next year.
Investment in the company rer the next year is being ?pt down to £7m — less than CL management had asked 4. but enough to ensure that le company's fleet stays viae.
The success of the streamling programme has meant iat the company showed a rofit during November of 144,000. Even the problem-hit rench branch of the Euro?an service has started to low a profit.
Freightliners are also (pected to show a profit this 2ar compared with their Elm iss last year.
Both Freightliners and NCL ave been plagued by cash roblems caused by the handtg over of the companies by ritish Rail. NCL was the ritish Rail Sundries Division ad BR still own a stake in reightliners.
Following the handover, ensions paid by BR to former mployees became the ?sponsibility of the cornanies.
In February, NCL nnounced that they were witching several of their epots from rail to road -eight. They claimed that ritish Rail charges were not line with their own rates.