-

Wabtec Wins TISS-Leapvault Award for Best Skill Development Program

MUMBAI, India--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, announced today its locomotive plant in Marhowrah, Bihar was recognized for the Best Skill Development Program at the Tata Institute of Social Science (TISS)-Leapvault CLO Awards India. The award honors the investment Wabtec made in its employees through learning and skill development initiatives.

“It is an honor to be ranked by this respected authority on workplace and employee development,” said Sajid Iqbal, Wabtec’s Vice President of Human Resources in India. “Wabtec’s success starts with our people. We are committed to empowering our workforce through robust learning and development opportunities that help all employees reach their full potential.”

Wabtec’s award-winning program is based on a teaming concept. Employees on the factory floor were provided with decision-making tools, which empowered individuals in the team to share responsibilities and drive continuous improvement in safety, quality, delivery, maintenance, and engagement. The skill-development program provided employees a multi-level progression framework. Employees could grow in their careers by passing written tests, practical assessments, and personal interviews.

“The program is improving the team’s performance on the factory floor,” said Shankar Dhar, Vice President of Operations at Wabtec’s Marhowrah plant. “We are seeing a 31 percent improvement in the skill level of employees since the plant began operations in 2018. More important, this results-oriented training is driving customer satisfaction, expanding the capabilities of our factory, and enabling our employees to grow in their careers.”

The state-of-the-art Marhowrah factory began operations in September 2018 and has delivered more than 350 locomotives to Indian Railways. The 500,000-sq-ft plant uses lean manufacturing processes enabling the team to deliver 120 locomotives a year. Today, more than 70 percent of the facility’s workforce is from Marhowrah and its surrounding communities, and over 25 percent of the workforce is female. Wabtec’s partnership with both global and local suppliers has helped establish an integrated ecosystem, enabling a fast ramp up of local manufacturing and creating more than 5,000 direct and indirect jobs across India.

About Wabtec

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec’s website at www.wabteccorp.com.

Contacts

Sanaj Natarajan/ sanaj.natarajan@wabtec.com
+91 9972800477

Wabtec Corporation

NYSE:WAB

Release Versions

Contacts

Sanaj Natarajan/ sanaj.natarajan@wabtec.com
+91 9972800477

More News From Wabtec Corporation

Wabtec Finalizes Frauscher Sensor Technology Group Acquisition

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today that it has finalized the acquisition of Frauscher Sensor Technology Group GmbH (“Frauscher”), a global market leader in train detection, wayside object control solutions, and axle counting systems. The addition further strengthens Wabtec’s Digital Intelligence business by adding highly attractive and complementary railway signaling technologies, which will facilitate accelerated and profitable growth. “This strategic a...

Wabtec Reports Third Quarter 2025 Results; Raised And Tightened Adjusted EPS Guidance

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported third quarter 2025 GAAP earnings per diluted share of $1.81, up 11.0% versus the third quarter of 2024. Adjusted earnings per diluted share were $2.32, up 16.0% versus the same quarter a year ago. Third quarter sales were $2.89 billion and cash from operations was $367 million. “The Wabtec team delivered a very strong quarter, evidenced by continued growth in our backlog, sales, margin, and earnings,” said Rafael Santana...

Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 25 cents per share, payable on November 26, 2025, to holders of record on November 12, 2025. About Wabtec Wabtec Corporation is revolutionizing the way the world moves for future generations. The Company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as...
Back to Newsroom