• Amtrak Emergency Funding Request and Potential Layoffs

  • Discussion related to Amtrak also known as the National Railroad Passenger Corp.
Discussion related to Amtrak also known as the National Railroad Passenger Corp.

Moderators: GirlOnTheTrain, mtuandrew, Tadman

  by John_Perkowski
 
This just hit my newsfeed

By David Shepherdson of Reuter’s: Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

Brief, fair use quote:
Ridership and revenue levels are down 95% or more year-over-year since the pandemic began, Amtrak said.

"It is clear we have no choice but to reduce our overhead structure to better align our costs with our revenues," CEO Bill Flynn told employees Tuesday in a memo seen by Reuters.

...

Without the additional emergency funding, Amtrak said it would need to suspend some long-distance routes, and that others would operate on a thinned-down schedule. It would also need to greatly reduce its high-speed Acela service.