Swiss railway chief to step down next year

The embattled head of Swiss Federal Railways, Andreas Meyer, has stated he will step down from his position by the end of next year. The state-owned railway company has been embroiled in a safety row following a fatal accident that killed a conductor last month. Meyer, who has been CEO of the company since 2007, issued a statement on Wednesday saying he would exit by the end of 2020 at the latest. He said he wanted to remain in his post to complete a strategic overhaul process and deal with the aftermath of the accident. “Until my resignation, I assume full responsibility for the company and will tackle the current challenges with high priority,” he stated. Last month, Meyer suggested in a newspaper interview that he could withstand the pressure, which included a parliamentary probe. “This is not my first crisis. I may not be new, but I am still fresh,” he said. The Federal Railways indicated in a statement on Wednesday that the timing of Meyer’s departure had been already been ...

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