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

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  • ILEA001993425
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  • Abaca Press / Kyodo News Images
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    Alstom To Cut 1500 Jobs

    Alstom To Cut 1500 Jobs

    File photo dated July 28, 2023 shows the first car manufactured by Alstom and designed by Ora Ito of Marseille's future metro trains in Marseille, France. 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 Laurent Coust/ABACAPRESS.COM
      Alstom To Cut 1500 Jobs

      Alstom To Cut 1500 Jobs

      File photo dated July 28, 2023 shows a man with his back to ALSTOM wearing an orange waistcoat in Marseille, France on . 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 Laurent Coust/ABACAPRESS.COM
        Alstom To Cut 1500 Jobs

        Alstom To Cut 1500 Jobs

        File photo dated May 10, 2023 shows Alstom's CEO Henri Poupart-Lafarge poses before a press conference to announce the annual results 2022/23, in Saint-Ouen, France. 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 Aurelien Morissard/ABACAPRESS.COM
          Alstom To Cut 1500 Jobs

          Alstom To Cut 1500 Jobs

          File photo dated May 10, 2023. shows Alstom's CEO Henri Poupart-Lafarge speaks during a press conference to announce the annual results 2022/23, in Saint-Ouen, France. 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 Aurelien Morissard/ABACAPRESS.COM
            Alstom To Cut 1500 Jobs

            Alstom To Cut 1500 Jobs

            File photo dated February 1, 2023 shows Alstom's Coralia iLint hydrogen train on the Tours-Loches line, France. 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 Pascal Avenet/ABACAPRESS.COM
              Alstom To Cut 1500 Jobs

              Alstom To Cut 1500 Jobs

              File photo dated February 1, 2023 shows Alstom's Coralia iLint hydrogen train on the Tours-Loches line, France. 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 Pascal Avenet/ABACAPRESS.COM
                Alstom To Cut 1500 Jobs

                Alstom To Cut 1500 Jobs

                File photo dated June 18, 2020 shows Alstom's Regiolis Lio electric or dual-mode train. 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
                  Alstom To Cut 1500 Jobs

                  Alstom To Cut 1500 Jobs

                  File photo dated April 30, 2020 shows a general view of Alstom building in Saint-Ouen, France. 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 David Niviere/ABACAPRESS.COM
                    Alstom To Cut 1500 Jobs

                    Alstom To Cut 1500 Jobs

                    File photo dated October 26, 2017 shows atmosphere in the site of French train maker Alstom in Belfort, France. 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 Sophie Dupressoir/ABACAPRESS.COM
                      Alstom To Cut 1500 Jobs

                      Alstom To Cut 1500 Jobs

                      File photo dated October 26, 2017 shows atmosphere in the site of French train maker Alstom in Belfort, France. 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 Sophie Dupressoir/ABACAPRESS.COM