BANGOR, Maine — The railroad company that’s buying the bankrupt Bangor and Aroostook (B&A) System will be operating with a smaller work force when the deal is completed within a few months, the Associated Press reported.
A bankruptcy judge this week approved Rail World’s $50 million purchase of 835 miles of tracks, facilities and real estate from B&A System. The deal should be completed by early December.
The B&A had 435 workers a year ago, but that number has dropped by about 80. It’ll further drop when Rail World takes over.
Rail World Inc. is forming a new company, called Montreal, Maine and Atlantic Railway. The new company is expected to start its operations with 290 to 310 workers. B&A workers are allowed to apply for those jobs.