Czech railway operator CD suffers EUR 2.9mn loss due to strike.

By bne IntelliNews June 17, 2011
State-owned railway operator Ceske Drahy (CD) said it lost CZK 70mn in revenue due to the June 16 transport strike, CD spokesman Petr Stahlavsky told CTK newswire. The damage includes uncollected fares and fees and eventual costs the company might have to pay for interrupted transport. The loss suffered by state-run freight railway operator CD Cargo due to the strike is estimated at CZK 57mn, company spokesman Roman Jandik said. We remind that Czech transport unions staged a one-day strike on June 16 to protest governments plans to reform the pension, healthcare and tax systems. The strike, the biggest transportation protest so far, closed the country's railway network and the Prague underground for the first time in history. The unions want the government to withdraw the reform bills as they envisage the cancelling of various state-funded employee benefits as part of the budget cuts and raising the retirement age.

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