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Good post Moonman, I have come round and agree now that the driver shortage is clearly not short term and Covid infection/isolation related altho at the time I posted that I stand by it was a massive factor.
The bus industry in the UK is now in a precarious place and right now that is reflected in the SPs of the big players. However good Public Transport is just as essential for a strong economy as it is the battle against congestion and the climate emergency. All Governments know that and are backing it massively not just with the current support schemes but also with green bus and infrastructure funding and we also have a great young person concession scheme coming next year which will nurture and build bus patronage for the future.
The drivers pay and work life balance has to be addressed urgently tho as the industry cant let good customers down and force them into alternatives.
I continue to have faith and see a bright future and a significant upside here, NEX & GOG so increasing my investment steadily in all three at ATM. GLA
Everyone is struggling to recruit... however it’s time these companies got themselves into the 21st century. They need to redress the balance of work / homelife the entails a hell of a lot of responsibility and generally the buck stops with the drivers. The work responsibility to pay ratio is appalling, not forgetting abusive passengers and then you have abusive fellow drivers..... And what makes matters even worse is abusive managers..... I came out of early retirement to do bus driving.... I never needed the job being an ex London plumber...but always wanted the chance to give it ago driving a bus...when I did my lessons the youngest in my group was 18.... the oldest (me) was 54......that was two years ago.....we’ve now all left... nothing to do with the dismal wages... but the bullying culture administered by the management...which isn’t acceptable...What they seem to forget is that without government funding they are nothing.... and without drivers there is no business to fund......
It seems a lot of the drivers have been on furlough. Psv drivers are in general older and have found life more rewarding not driving. Hence they have all decided to call it a day. Our local bus companies have told my partner they are struggling to recruit..