Hellenic Train, a railway operator owned by an Italian company, is reportedly planning to renegotiate its contract with the Greek state due to significant revenue losses caused by the floods in central Greece last September.
The damage caused by Storm Daniel is expected to take at least two years to repair and restore service on the Lianokladi-Larissa stretch of the national rail network, which connects Athens to Thessaloniki. This particular route contributes around 60% of Hellenic Train’s annual turnover in the Greek market.
The company is also dealing with the consequences of a deadly rail crash in Tempe earlier this year. While an official request for contract renegotiation has not been submitted yet, it is highly likely given the circumstances. The situation is causing concern among the company’s 1,000+ employees, who fear potential redundancies, reduced working hours, and subsequently, lower salaries.