National Express owner Mobico slashes jobs in cost cutting drive
Mobico, the parent company of National Express, is cutting hundreds of jobs as part of a cost-cutting drive. The company, which operates bus and coach services in the UK, has announced that it will be reducing its workforce by around 10% as it looks to reduce costs and improve efficiency. The job cuts are expected to affect a number of employees across the company's operations in the UK.
The move is part of a wider cost-cutting drive at Mobico, which is also owned by the Abu Dhabi Investment Authority. The company has been facing increased competition in the UK bus and coach market, and has been looking for ways to reduce costs and improve its financial performance. The job cuts are expected to be completed by the end of the year, and will see a number of employees affected across the company's operations in the UK.
According to reports, the job cuts will affect a number of employees across the company's operations in the UK, including drivers, engineers, and administrative staff. The move is expected to be completed by the end of the year, and will see a number of employees affected across the company's operations in the UK.
“We are taking decisive action to reduce costs and improve our financial performance in a highly competitive market,” said a spokesperson for Mobico. “This will enable us to continue to invest in our services and provide the best possible experience for our customers.”
In addition to the job cuts, Mobico is also expected to close a number of loss-making routes as part of its cost-cutting drive. The company has been facing increased competition in the UK bus and coach market, and has been looking for ways to reduce costs and improve its financial performance.
- The job cuts will affect a number of employees across the company's operations in the UK, including drivers, engineers, and administrative staff.
- The move is expected to be completed by the end of the year.
- Mobico is also expected to close a number of loss-making routes as part of its cost-cutting drive.
Author's summary: Mobico, the parent company of National Express, is cutting hundreds of jobs as part of a cost-cutting drive, affecting employees across the company's operations in the UK.
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