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Eurotunnel is to shed 900 jobs from its 3,200-strong workforce, as part of a voluntary redundancy scheme aimed at reducing the capacity of its truck and car shuttle services. 24-Oct-2005 Eurotunnel is planning to shed about 10% of its 3,205-strong workforce in the UK and France, as part of a restructuring programme aimed at reducing costs and increasing revenues. 08-Jun-2005 Eurotunnel has announced a recovery plan that will involve the loss of some jobs and services, as well as an attempt to negotiate a financial restructuring with its banks. 01-Nov-2004 Eurotunnel has secured a licence to operate freight trains in France, and aims to start services between the English Midlands and Italy next year. 16-Feb-2004 Eurotunnel has confirmed plans to start its own rail freight business in 2005, having completed feasibility studies for a new container terminal at Folkestone. 22-Oct-2003 Eurotunnel is seeking permission to operate freight trains in France next year, as part of a strategy to find new sources of income. 02-Apr-2003 Eurotunnel has acquired Abbey National March Leasing, the aircraft leasing company, for £345m. 23-Dec-2002 Eurotunnel is considering plans to introduce trains that would enable "drive on" freight lorries to use the Channel Tunnel, which would require new railway infrastructure and intermodal terminals. 23-Jul-2002 Eurotunnel is seeking new partners to operate the shops at the Channel tunnel terminals in Folkestone and Calais, as agreement has been reached for BAA to quit the contract by April. 05-Jan-2001 BAA is seeking to end its contract with Eurotunnel to operate the retail facilities at the Folkestone and Calais terminals, claiming that passenger numbers are lower than expected. 05-Jun-2000 Eurotunnel is to launch a £1m feasibility study into the development of a second Channel tunnel, and possibilities include a £3bn rail tunnel and a £2.7bn road tunnel. 06-Jan-2000 Eurotunnel is to build a £9.6m hotel complex near Calais, France, in partnership with Accor, in order to provide a stopover point for UK travellers. 23-Dec-1999 Eurotunnel is preparing plans for the construction of a double road tunnel and rail link to France, and expects to start work within ten years. 01-Oct-1999 Eurotunnel has won approval from the French government to extend its concession on the Channel tunnel from 65 to 99 years, as part of the company's financial restructuring. 01-Jul-1999 Eurotunnel is to spend up to £300m expanding its fleet of freight trains, and is also seeking to promote long-distance freight services to countries such as Germany and Hungary. 22-Jun-1999 Eurotunnel has announced a deal with the Road Haulage Association to take truck drivers to France for £100 at weekends, so that they can fill up their tanks with cheap diesel. 07-May-1999 Eurotunnel is seeking a US partner to develop its telecommunications business, which provides cabling between London and Paris via the Channel Tunnel. 15-Apr-1999 BAA is to take over the retailing operations of Eurotunnel in July, which will involve shops in Folkestone and Calais and will enable Eurotunnel to focus on its rail operations. 05-Mar-1999 Eurotunnel has begun drawing up plans for a second Channel crossing, and it could involve a second tunnel or a bridge. 20-Nov-1998 Eurotunnel has announced plans to develop its retailing activities in terminals and trains, including factory shops and DIY stores at its Calais terminal. 25-Jul-1998 Eurotunnel has agreed a £8.5bn financial restructuring with 174 banks, giving the banks a 45.5% stake and cutting its annual interest bill from £650m to £400m. 31-Jan-1998 Eurotunnel has won agreement from the UK and French governments to extend its operating licence from 2052 to 2086, but will have to pay 40% of its after-tax profits to the two governments after 2052. 20-Dec-1997 Eurotunnel is to cut 657 jobs in order to save £32m a year, and will make further savings through improved purchasing policies and reduced energy costs. 23-Oct-1996 Eurotunnel has announced a complex restructuring deal in which its banks will take a 45.5% stake and its debts and interest payments will be reduced. 08-Oct-1996 Eurotunnel has reported a big rise in the number of tourist vehicles on Le Shuttle in July to 234,393, compared to 112,060 last year. 06-Aug-1996 Eurotunnel, the Channel Tunnel operator, is cutting its standard return fare by half over the summer to £129, thus intensifying the cross-Channel price war. 30-May-1996 Eurotunnel reports that Channel tunnel traffic rose in April, with tourist traffic up 60% on last year and freight traffic up 80%. 07-May-1996 Eurotunnel has ordered 72 freight wagons from Arbel of France as part of a plan to increase freight capacity by 7% from the current 3,900 trucks a day. 06-Mar-1996 Eurotunnel is to announce major price cuts as well as a larger range of fare categories. 11-Oct-1995 Eurotunnel's car traffic was down in September, but coaches and lorries were up. 05-Oct-1995
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