Bulgarian railway co BDZ may lay off 1,500 in 2015 over lower state subsidies

“As many as 140 trains will have to be halted and 1,500 employees laid off,” Vladimir Vladimirov said in a video file posted on the website of state-run TV broadcaster BNT. “This is not for lack of resources, it is the government policy.”

Under the 2015 state budget, which is pending approval by parliament, the railway company will get 140 million levs ($89.9 million/71.6 million euro) in subsidies next year, as compared to 180 million levs in 2014.

(1 euro = 1.95583 Bulgarian levs)