Alstom To Cut 1500 Jobs

Alstom To Cut 1500 Jobs

File photo dated June 18, 2020 of Alstom's logo. On Wednesday, November 15, the Group announced a net income of just € 1 million for the first half of its new financial year (April 2023 to March 2024). Management has announced two major changes. First, at the close of the Annual General Meeting in July 2024, former Safran CEO Philippe Petitcolin will become Chairman and current CEO Henri Poupart-Lafarge will become Managing Director. The second change is a cost-cutting strategy to turn around the balance sheet that will see the elimination of 1,500 full-time equivalent jobs "or 10 % of sales and administrative functions." Photo by Patrick Batard/ABACAPRESS.COM

  • Product Code
  • ILEA001993425
  • Registered date
  • 2020/6/18 00:00:00
  • Credit
  • Abaca Press / Kyodo News Images
  • Media source
  • Batard Patrick/ABACA
  • Media size
  • 4051 × 2701 pixel
  • Resolution
  • 72 dpi
  • Deployment size
  • 960.42(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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