Close Menu
WTX NewsWTX News
    What's Hot

    US Forces Boldly Capture Russian-Flagged Oil Tanker Marinera in Atlantic

    January 7, 2026

    US Spy Planes Gathering at RAF Bases in the UK

    January 7, 2026

    UK Faces Heavy Snowfall as Storm Goretti Hits: What to Expect

    January 7, 2026
    Facebook X (Twitter) Instagram
    Latest News
    • US Forces Boldly Capture Russian-Flagged Oil Tanker Marinera in Atlantic
    • US Spy Planes Gathering at RAF Bases in the UK
    • UK Faces Heavy Snowfall as Storm Goretti Hits: What to Expect
    • Who is Delcy Rodriguez, the Trump-supported new leader of Venezuela?
    • Urgent hunt for Brit who disappeared in Thailand after video call with family
    • Heavy Snowfall Leads to Widespread School Closures
    • Ukraine Fabricates Attack on Putin’s ‘Personal Rival’ to Finance War Efforts
    • Police Officer ‘Punched in Throat by Range Rover Driver Who Escaped Crash’
    • Memberships
    • Sign Up
    WTX NewsWTX News
    • Live News
      • US News
      • EU News
      • UK News
      • Politics News
      • COVID – 19
    • World News
      • Middle East News
      • Europe
        • Italian News
        • Spanish News
      • African News
      • South America
      • North America
      • Asia
    • News Briefing
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Woman’s Football
    • My World
      • Climate Change
      • In Review
      • Expose
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • Tv Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking Recipes
      • Luxury
    • Travel
      • Culture
      • Holidays
    WTX NewsWTX News
    Home»Europe

    Fears over economy grow as German train strike could cost up to a billion euros

    0
    By News Team on January 24, 2024 Europe, Germany, News Briefing, World News
    Fears over economy grow as German train strike could cost up to a billion euros
    A computer failure paralyzes trains in Spain
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).

    Transport Minister Volker Wissing has slammed as “destructive” the six-day industrial action that heaps further pressure on supply chains that are already facing disruption because of attacks by Yemen’s Houthi rebels on shipping via the Red Sea.

    The prolonged action “is a strike against the German economy,” said Deutsche Bahn spokeswoman Anja Broeker, noting that cargo traffic handled by the service include supplies for power plants, refineries”.

    “DB Cargo will do everything to secure the supply chain, but it’s clear that there will be some impact,” she added.

    The walkout called by the GDL union runs from 2:00 am (0100 GMT) Wednesday through to 1700 GMT on Monday for passenger traffic while the strike for freight trains began earlier on Tuesday.

    Not only long-distance trains but also suburban services, some of which like Berlin’s are operated by Deutsche Bahn, are affected, just over a week after the last round of walkouts between January 10 and 12.

    The fourth strike since November left passengers scrambling to rebook or cancel their plans, and sparked warnings of huge costs to the state and industry at a time when the German economy was already ailing.

    Deutsche Bahn estimated each strike day to cost “a low two-digit million figure”, but industry experts warned the impact on the economy would be far bigger.

    Michael Groemling of Cologne’s Institute for Economic Research said nationwide train stoppages can cost up to 100 million euros a day to the economy, but warned that the impact “may not rise linearly in a strike that lasts several days, but partially multiplies”.

    Given the disruptions with sea freight over the Huthi attacks, as well as issues on road transport, “rough estimates suggest that in extreme cases, this strike can cost up to a billion euros”, he said.

    Wissing slammed the GDL union for refusing to negotiate during the walkout.

    “I find that it is unreasonable vis-a-vis train travellers that the trains are standing there blocked, while one’s not at the same time sitting at the negotiations table,” said the transport minister.

    But the union said it had rejected the Deutsche Bahn’s “third and allegedly improved offer” because bosses had shown “no sign of a willingness to reach an agreement.

    The GDL is seeking higher salaries to compensate for inflation, as well as a reduced working week from 38 to 35 hours with no loss in wages, arguing that it needed to make train driver jobs “more attractive” to young people.

    But Deutsche Bahn blasted the latest round of industrial action, saying it had offered pay rises of up to 13 percent and a one-off inflation bonus, as well as the chance to reduce the working week by one hour from 2026.

    Deutsche Bahn last year also clashed with the EVG rail union, which represents around 180,000 non-driver rail personnel, reaching an agreement in late August.

    The latest walkout breaks the previous record of a May 2015 action, also called by GDL, that lasted around five days.

    Transport Minister Volker Wissing has slammed as “destructive” the six-day industrial action that heaps further pressure on supply chains that are already facing disruption because of attacks by Yemen’s Huthi rebels on shipping via the Red Sea.

    (AFP)


    MORE : Sunak must be replaced as PM, says former cabinet minister Sir Simon Clarke


    MORE : ‘Grace died protecting her friend’ – Paper Talk

    EU Featured featured German economy Germany news Main Headlines Transport World News
    Previous ArticleI went to UK’s cheapest spa where a luxurious massage costs just £2.50
    Next Article Why French farmers are up in arms: fuel hikes, green regulation, EU directives

    Keep Reading

    US Forces Boldly Capture Russian-Flagged Oil Tanker Marinera in Atlantic

    US Spy Planes Gathering at RAF Bases in the UK

    UK Faces Heavy Snowfall as Storm Goretti Hits: What to Expect

    Who is Delcy Rodriguez, the Trump-supported new leader of Venezuela?

    Urgent hunt for Brit who disappeared in Thailand after video call with family

    Heavy Snowfall Leads to Widespread School Closures

    Add A Comment
    Leave A Reply Cancel Reply

    From our sponsors
    Editors Picks

    Review: Record Shares of Voters Turned Out for 2020 election

    January 11, 2021

    EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

    January 11, 2021

    World’s Most Advanced Oil Rig Commissioned at ONGC Well

    January 11, 2021

    Melbourne: All Refugees Held in Hotel Detention to be Released

    January 11, 2021
    Latest Posts

    Friday’s News Briefing – Chaos in Westminster – More dead in Gaza and the weekend preview

    February 24, 2024

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021

    Marquez Explains Lack of Confidence During Qatar GP Race

    January 15, 2021

    Subscribe to News

    Get the latest news from WTX News Summarised in your inbox; News for busy people.

    My World News

    Advertisement
    Advertisement
    Facebook X (Twitter) TikTok Instagram

    News

    • World News
    • UK News
    • US News
    • EU News
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Register
    • Advertising
    • Work with us
    • Contact
    • Community
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • How to guides
    • Climate Change
    • In Review
    • Expose
    • NEWS SUMMARY
    • Money Saving Expert

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 WTX News.
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.