Industry insiders reported last week that top-level changes were being made at HSBC Rail. RBI understands that this was the result of changes to the ROSCO's organisational strategy being implemented by its parent bank. A key change is the reduction in engineering capability. In common with the other ROSCOs, HSBC Rail was privatised with a substantial in-house engineering department. Its responsibilities have included managing overhauls and refurbishment of the ex-BR MOLA fleet, plus procurement and acceptance of new rolling stock.
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