National Express owner cutting jobs in cost savings drive

National Express owner Mobico has revealed back-office jobs are being cut across the business to slash costs further as it cautioned annual profits will come in at the lower end of expectations.

The group said a “large-scale cost reduction programme” was under way with “further opportunities being explored across the group” as it faces ongoing competition in the UK coach market and falling bus passenger numbers.

Jobs are being cut in the UK arm, with support and back office roles largely being impacted, as it looks to ramp up savings due to trading woes.

The group did not say how many jobs were affected, or in which locations, but a number of the cuts are being made as a result of plans to merge its UK coach operations within its better-performing Spanish Alsa business from January next