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03.02.2011 13:44
© SNBC Logistics
SNCB Logistics has today become operational as an autonomous company and rail operator. The SNCB Group has provided its new subsidiary with all the necessary means and resources to run freight trains in Belgium and in neighbouring countries. This constitutes an essential step in the reorganisation of the SNCB freight activity. SNCB Logistics is a public limited company of private law and has a structure with its own national rail production, commercial subsidiaries (IFB and Xpedys) and international corridors. The group has a solid base to become profitable and competitive and to develop into an independent, efficient, international logistics concern.
SNCB Logistics will continue to call on SNCB for shunting operations, a part of the traction and the maintenance of the rolling stock.
SNCB Logistics, fully fledged rail operator
The new company, SNCB Logistics, became operational on 1 February 2011. As foreseen in the restructuring plan approved by the European Commission, on that date SNCB Logistics assumed the use of more then 200 locomotives for freight train traction, together with a number of buildings and financial support. The company is responsible for inland rail production and has a rail licence and the necessary safety certificates for that purpose. SNCB Logistics has been responsible for the production of freight trains running in Belgium as of midnight last night. The transition passed swiftly.
On 1 February, the personnel of SNCB Logistics is limited to the management and part of the supervisory staff. The current statutory and contractual staff (mainly central services and train drivers) will be transferred in the course of the year, in consultation with the social partners. Transfer to the subsidiary is always on a voluntary basis, with retention of their status for the persons concerned. There will be no forced redundancies.
SNCB Logistics NV/SA (shareholding: NMBS 93.14%; NMBS Holding: 6.86%) will be led by Geert Pauwels, who has been at the head of the NMBS freight activities since mid 2008, and has now been appointed executive director.
Restructuring of the freight activity
The creation of this subsidiary is part of a significant restructuring initiated three years ago to salvage what had long been a loss-making activity. The Belgian State and the European Commission approved the restructuring plan and a last financial support, on condition that the freight activity be transferred to an independent company. 75% of the recovery plan has been carried out and has led to sizeable cost savings. SNCB Logistics also reached a social agreement on the matter last November.
The implementation of the restructuring plan will lead to profitability in 2012. Last year SNCB Logistics has already transported 10% more volumes then in 2009 and the first signs for 2011 are positive. The group continues to work on the necessary improvement of quality and productivity and also on the development of its commercial logistics offering
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