Amtrak is getting ready to chop as much as 20% of its workforce within the subsequent fiscal yr because the nationwide passenger railroad continues to undergo from an enormous decline in ridership because the coronavirus pandemic introduced most journey to a halt.
Ridership and ticket income on the firm have fallen by 95% for the reason that pandemic started, Chief Govt Invoice Flynn instructed Amtrak employees in an inner memo on Tuesday.
Whereas Amtrak is planning to slowly restart some service halted throughout the lockdown—together with the Washington-to-Boston Acela categorical service on June 1—the corporate tasks ridership in 2021 will rebound to only half of what it was earlier than the disaster.
“This may increasingly sound straightforward, however the climb again can be laborious,” Mr. Flynn wrote. To return to even half of the railroad’s previous ridership would require “substantial development over the subsequent 16 months, and it should be achieved towards a backdrop of gorgeous unemployment, socio-economic dislocation and a possible recession,” he wrote.