However, this is not the case and passengers can rest assured that their services will run until at least the end of 2011.
Belgian Railways intends to make most of the savings by making cuts in its loss-making freight operation NMBS-Logistics.
However, an agreement needs to be reached with the trades unions before any cuts can be made.
Bosses at NMBS hope to have losses down to 48 million Euros in 2012.
Union quite positive
Jos Digneffe of the socialist trades union ACOD says that he is quite positive about the savings plan.
Mr Digneffe is particularly pleased that no train services are to be scrapped.
However, he is concerned about the rail company’s plans to make the freight operate break even in 2012.