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French rail strike cost SNCF nearly €800m

LanguedocLiving, Jul 24

SNCF drivers and other workers striked on 37 days, the longest SNCF strike in three decades, causing cancellations and delays for the 4.5 million daily passengers on the network.

The loss corresponds to roughly 21 million euros per strike day, and more than wipes out the company's net profit of 679 million euros posted for 2017.

It takes into account lost ticket sales as well as reimbursements and other expenses.

The government has said that it will take on the majority of the operator's debt, while also investing 3.6 billion euros in network infrastructure over the next 10 years.

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