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Tip Sheet: Layoffs at Cubic–Vendor Says It Amounts to Only 2% of Workforce but Won’t Release Figures; Insiders Say Cuts Taking Toll on Engineers, Others

by Dan BalabanPosted on Posted in Closed LoopTagged
U.S.-based Cubic Transportation Systems has yet to release a total for the number of employees it plans to lay off, but Mobility Payments is hearing it could be 15% or more across certain job categories, such as engineers, architects and project managers...

Tip Sheet: Cubic Believed to be Sole Vendor in Running for Sydney Deal; TfL: Revenue-Collection Procurement Not Over Yet; Madrid Seeks ABT System

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Latest Intelligence on Sydney, London and Madrid procurements. Have a tip for the Tip Sheet? Write to contact@mobility-payments.com It’s looking more and more likely that Cubic Transportation Systems is the sole supplier still in the running for Transport...

Cubic Execs Seek to Calm Worries among Agencies and Employees as Its Poor Showing in London and Lawsuit against TfL Sink in

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Less than a week after the stunning disclosure by Cubic that it had filed a lawsuit against Transport for London seeking to challenge the loss of the agency’s coveted revenue-collection contract, executives are trying to allay concerns among other transport...

Is Cubic Challenging London Decision? Sources Say Vendor Sent ‘Letter’ to TfL about Contract Award; CEO Today Said Contract ‘Still in a Standstill Period’

by Dan BalabanPosted on Posted in Closed LoopTagged
Cubic Corp. Chairman and CEO Stevan Slijepcevic, when asked during a companywide “town hall” meeting for employees today about the status of the London revenue-collection contract, said that the vendor is “still in a standstill period and thus cannot...