Alstom To Cut 1500 Jobs

Alstom To Cut 1500 Jobs

File photo dated April 28, 2014 shows French engineering group Alstom's headquarters in Levallois-Perret, near Paris, 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 Thierry Orban/ABACAPRESS.COM

  • Product Code
  • ILEA001993430
  • Registered date
  • 2014/4/27 00:00:00
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  • Abaca Press / Kyodo News Images
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  • Orban Thierry/ABACA
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  • 2842 × 1891 pixel
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  • 300 dpi
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        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
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