The reform of the railway system has been
designed with the aim of providing a comprehen-
sive and complete response to its weaknesses,
offering solutions for all the organizations that
comprise it.
The target for OSE is to merge with the National
Railway Infrastructure Operator (EDISY) in
order to utilize economies of scale and reduce
operating costs. The new organizational struc-
ture proposes the reduction of organizational
units from 180 to 55, as well as the reduction of
OSE’s losses from €929 million (2009) to €56
million (2011) and the development of the
Group’s real property.
Similarly, the aim of TRAINOSE is to ensure its
viability and modernization. In this context, the
target is to:
•
rationalize organizational structures by reduc-
ing the relevant units from 185 to 60;
•
balance annual losses;
•
update passenger and freight pricing policies;
•
expand the company’s freight operations;
•
and finally, rationalize subsidies in order to
ensure the company’s sound growth, always in
accordance with market criteria.
The integrated plan for the reorganization,
restructuring and development of the railway sys-
tem included initiatives and targets focused on
the other two companies of the OSE Group,
ERGOSE and GAIAOSE.
The main target of ERGOSE is to further develop
and expand its operations in Greece and abroad,
whereas in the case of GEOSE the target is to
play a leading role in regard to the development
of the Group’s real estate assets, and use the
profits for reducing OTE’s debt.
A major venture for both the OSE Group and
TRAINOSE is to rationalize staffing by means of
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photo: Costas Lakafossis
