Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

May 27, 2020 admin Business News Comments Off on Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year.

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Source:: Reuters – Business News