Germany Plans to Link Deutsche Bahn Executive Bonuses to Achieving Targets
Government Strategy to Improve Deutsche Bahn Performance
BERLIN, Aug 9 (Reuters) - Germany's new transport minister said he wants to tie bonus payments to Deutsche Bahn executives more directly to the struggling national rail operator meeting government targets, as criticism mounts over chronic delays and management pay.
Minister's Statement on Executive Bonuses
"It will have a concrete impact on bonus payments of Deutsche Bahn managers if targets set by the government are not met," the minister, Steffen Bilger, told newspaper Bild am Sonntag in an interview published on Sunday.
Background: Challenges Facing Deutsche Bahn
Many transport experts say Deutsche Bahn's problems are the result of decades of underinvestment in infrastructure, despite rising rail use, as well as its status as a joint-stock company aiming to turn a profit and provide a public service.
Government Investment and Punctuality Goals
As the government prepares to plough billions of euros into overhauling the network, Bilger, who was appointed late last month, said he was determined to improve punctuality.
"The figures so far are completely inadequate," he said.
Long-Term Targets and Realistic Expectations
But it will take time. Under the current agreement, long-distance trains are meant to reach 70% punctuality by 2029, up from around 60% in the first half of this year.
"There won't be 100% for the foreseeable future," he said. "I don't think it exists in other countries in Europe either."
Article Credits
(Writing by Dave Graham; Editing by Andrea Ricci)
