The Metropolitan New York Transit Authority will spend the next several weeks slashing costs by consolidating train operations and reducing staffing.
The plan was announced by the authority in its third-quarter fiscal year filing on Wednesday.
The Metra Board of Directors approved the plan on Wednesday and it will go into effect March 1.
Metra says the changes will reduce the amount of operating expenses for its train fleet, which now has about 1,800 drivers.
“The changes we are making will reduce our costs for operating the fleet,” Metra CEO Paul J. Sesso said in a statement.
“These efficiencies will be achieved through the consolidation of our fleet, the elimination of certain costs associated with the maintenance of our equipment and the creation of new jobs and opportunities across the Metra system.”
A key part of the plan will be reducing the number of train cars in service.
Currently, there are more than 8,500 cars on the system.
The company will reduce that number to about 1.4 million cars in 2020, down from 2.1 million cars currently, according to the agency.
“This is an important step in aligning our system to meet the needs of today’s customers,” said David E. Miller, Metra’s chief operating officer.
“Our trains are the backbone of our transit network and we are committed to continuing to expand service to meet demand and improve service for all riders.”
Metra plans to cut about 10 percent of its workforce and eliminate about 6 percent of the fleet of its trains.
In addition, Metras chief operating officers will work to recruit more people to the position of CEO and chief financial officer, and reduce the number and the number positions in other roles.
Sesha Tharoor, Metrorail’s chief marketing officer, said the changes would reduce the cost of operating the company’s train fleet by $20 million in 2020.
Metras Board of Trustees approved the changes to its operating budget in November.