Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Crisis talks to save historic Derby rail plant from closure

by March 19, 2024
March 19, 2024
Crisis talks to save historic Derby rail plant from closure

Ministers are in last ditched negotiations with Alstom in a bid to prevent the closure of the iconic Derby train manufacturing facility, a move that could result in the loss of thousands of jobs across the industry.

Alstom, the French conglomerate that acquired the Litchurch Lane factory from Bombardier during the pandemic, is considering relocating production to Poland or India unless the government provides assurance regarding new train orders.

With current workloads at the plant coming to a standstill and the commencement of new train projects for the HS2 high-speed line delayed, over 1,300 workers at Derby have already been notified of potential contract terminations.

Alstom is on the brink of unveiling Adessia, a cutting-edge commuter train manufacturing platform capable of producing battery and hydrogen-powered rolling stock. These innovative trains are slated to replace Aventra trains manufactured by Derby for various railway networks, including London’s Elizabeth Line and Overground networks, South Western Railway, and West Midlands Railway.

However, despite months of negotiations with Transport Secretary Mark Harper, Alstom remains apprehensive about the lack of progress. Nick Crossfield, Alstom UK’s managing director, emphasized the significance of their next-generation trains for both Derby and the UK rail sector. He underscored the urgency in creating certainty for staff and suppliers, stressing the need for collaboration with the government.

While Alstom seeks commitments from the Department for Transport (DfT), the department remains hesitant to provide assurances for future work at Derby.

In a statement, the DfT emphasized the importance of rail manufacturing in bolstering the UK economy and enhancing passenger services. However, they refrained from committing to Alstom’s demands, stating ongoing engagement with the company regarding the future of its Derby site.

The Railway Industry Association has sounded alarms, warning that prolonged delays in new train orders jeopardize the entire sector. They urge ministers to break free from the historical boom-and-bust cycle plaguing the industry, emphasizing that indecision could result in diminished service quality and increased costs for passengers.

Read more:
Crisis talks to save historic Derby rail plant from closure

0
FacebookTwitterGoogle +Pinterest
previous post
Haiti, US Embassy entrance area plunge into darkness as vandals attack power plant and substations
next post
How SMEs are adapting their recruitment approach to counter cost-of-living pressures in 2024

You may also like

Poundland to cut prices and open 25 new...

August 4, 2022

Apple warns iPhone shipments will be delayed due...

November 7, 2022

PM pledges loyalty to Reeves as Labour vote...

January 14, 2025

Budget 2024 predictions: potential announcements from Rachel Reeves

September 25, 2024

Twitter to let publishers charge users per article...

May 1, 2023

AI cash boom masks rise of ‘zombiecorns’ as...

May 21, 2025

Chancellor Jeremy Hunt Warns of Need for Effective...

June 20, 2024

Labour’s Tax Policy on Private Schools to Drive...

June 10, 2024

UK marketplace sellers brace for ‘second Brexit’ as...

February 18, 2025

An In-Depth Conversation with Alison Schrag: Exploring Urban...

January 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump administration takes on new battle shutting down initial Iran strike assessments

      June 29, 2025
    • Trump administration takes on new battle shutting down initial Iran strike assessments

      June 29, 2025
    • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

      June 29, 2025
    • Schumer forces reading of Trump’s entire ‘big, beautiful bill’ as Senate braces for all-nighter

      June 29, 2025
    • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

      June 29, 2025
    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,856)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved