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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

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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

  •  
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

  •  
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

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Work underway to demolish lodging facility hit by tsunami

Work underway to demolish lodging facility hit by tsunami

SENDAI, Japan - Work is seen underway on Dec. 15, 2014, to demolish Enoshima Kyosai Kaikan, a lodging facility in the town of Onagawa, Miyagi Prefecture, overturned by the March 2011 tsunami.

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Demolition of tsunami-hit facility begins in Miyagi

Demolition of tsunami-hit facility begins in Miyagi

SENDAI, Japan - A four-story accommodation facility, "Enoshima Kyosai Kaikan," in the town of Onagawa, Miyagi Prefecture, overturned by the March 2011 tsunami, is seen on Dec. 11, 2014. Demolition work began on Dec. 15, although some people had asked to keep it as a relic of the disaster in northeastern Japan.

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H.K. police to clear last occupy protest site

H.K. police to clear last occupy protest site

HONG KONG, China - Pro-democracy protesters march in the Causeway Bay shopping district in Hong Kong on Dec. 13, 2014. Police said they will clear the last pro-democracy protest site in Causeway Bay on Dec. 15.

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W7 bullet trains for Hokuriku Shinkansen line

W7 bullet trains for Hokuriku Shinkansen line

KANAZAWA, Japan - West Japan Railway Co. unveils on Nov. 15, 2014, the W7 series bullet trains for the extended Hokuriku Shinkansen line which will connect Nagano and Kanazawa in central Japan from March 2015, to the press at the Hakusan railyard in Hakusan, Ishikawa Prefecture.

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Century-old inaugural issue of local daily found

Century-old inaugural issue of local daily found

MIYAZAKI, Japan - A century-old copy of the inaugural issue of "Miyazaki Shimpo," the southwestern Japan prefecture's first local daily, dated March 15, 1888, is exhibited at a prefectural library on Oct. 1, 2014, after being found at a home in Kushima on the southern tip of the prefecture.

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Disaster-hit Route 6 stretch in Fukushima opened to traffic

Disaster-hit Route 6 stretch in Fukushima opened to traffic

TOMIOKA, Japan - A police vehicle heads out on patrol on Sept. 15, 2014, on a closed stretch of National Route 6 running north to south along the coast in Fukushima Prefecture, northeastern Japan, after being opened to traffic for the first time since the March 2011 nuclear disaster.

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3 and a half years after tsunami

3 and a half years after tsunami

NAMIE, Japan - Police officers search for the remains of people still missing from the March 2011 tsunami in Namie, Fukushima Prefecture on Sept. 11, 2014, three and a half years after the disaster. According to the National Police Agency, the disaster left 15,889 people dead while the whereabouts of 2,597 people in the three hardest-hit prefectures of Iwate, Miyagi and Fukushima remain unaccounted for.

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3 and a half years after tsunami

3 and a half years after tsunami

NAMIE, Japan - Police officers search for the remains of people still missing from the March 2011 tsunami in Namie, Fukushima Prefecture on Sept. 11, 2014, three and a half years after the disaster. According to the National Police Agency, the disaster left 15,889 people dead while the whereabouts of 2,597 people in the three hardest-hit prefectures of Iwate, Miyagi and Fukushima remain unaccounted for.

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Security officials march around Youth Olympics stadium

Security officials march around Youth Olympics stadium

NANJING, China - Security officials on Aug. 15, 2014, march around the stadium for the opening ceremony of the Youth Olympic Games in Nanjing, China.

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Emperor, empress visit shopping center in disaster-hit area

Emperor, empress visit shopping center in disaster-hit area

MINAMISANRIKU, Japan - Japanese Emperor Akihito (L) and Empress Michiko visit a makeshift shopping center in the town of Minamisanriku, Miyagi Prefecture, on July 23, 2014. The town was devastated by the March 11, 2011 earthquake and tsunami disaster that claimed more than 15,000 lives in northeastern Japan. (Pool photo)

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Urban Animal Album

Urban Animal Album

OSAKA, Japan - A crow takes wing in a quiet residential area of Otsu, Shiga Prefecture, on March 15, 2014, holding a wire hanger in its beak to make a nest on a power pole.

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Protests against World Cup in Brazil

Protests against World Cup in Brazil

SAO PAULO, Brazil - People march in Sao Paulo, Brazil, on May 15, 2014, to protest against the soccer World Cup finals that will kick off June 12 in the country.

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Protests against World Cup in Brazil

Protests against World Cup in Brazil

SAO PAULO, Brazil - People march in Sao Paulo, Brazil, on May 15, 2014, to protest against the soccer World Cup finals that will kick off June 12 in the country.

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Tsunami-hit high school bld. likely to be preserved

Tsunami-hit high school bld. likely to be preserved

TOKYO, Japan - The building of Kesennuma Koyo High School in Kesennuma, Miyagi Prefecture, which was inundated to its fourth floor by the March 2011 tsunami, is seen in this file photo taken in August 2011. The city government on May 15, 2014, set its course toward preserving the building as a relic from the disaster.

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Peace movement leader hands over sash for peace march

Peace movement leader hands over sash for peace march

NAHA, Japan - Hiroji Yamashiro (L), chairman of the "Okinawa Heiwa Undo Center" (Okinawa Peace Movement Center), hands over a sash to a man at the inauguration ceremony for a 窶徘eace march窶 in Naha, Okinawa Prefecture, on May 15, 2014, the 42nd anniversary of Okinawa's reversion from U.S. control back to Japan.

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People show high spirits for 'peace march' in Okinawa

People show high spirits for 'peace march' in Okinawa

NAHA, Japan - Participants of an inauguration ceremony for a "peace march" are in high spirits in Naha, Okinawa Prefecture, on May 15, 2014, the 42nd anniversary of Okinawa's reversion from U.S. control back to Japan.

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U.S. envoy Kennedy visits Iwaki, Fukushima Pref.

U.S. envoy Kennedy visits Iwaki, Fukushima Pref.

IWAKI, Japan - U.S. Ambassador to Japan Caroline Kennedy visits a support facility for children, affected by the March 11, 2011, disaster, in Iwaki, Fukushima Prefecture, on May 15, 2014.

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Japan's GDP surges

Japan's GDP surges

TOKYO, Japan - Economic and fiscal policy minister Akira Amari holds a press conference at the Cabinet Office in Tokyo after the country's gross domestic product data for the opening quarter of 2014 was released May 15, 2014. Japan's economy grew in the January-March quarter at its fastest pace since the recovery period from the 2011 earthquake and tsunami, buoyed by a rush in demand ahead of the first consumption tax hike in 17 years on April 1, the government said.

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Japanese dancer wins prize at int'l youth ballet competition

Japanese dancer wins prize at int'l youth ballet competition

TOKYO, Japan -File photo shows Japanese ballet dancer Haruo Niyama performing in a ceremony before a professional baseball game at Tokyo Dome in March 2014. It was announced April 10, 2014, that the 17-year-old had won the first prize in the men's senior age division between 15 and 19 at the Youth America Grand Prix ballet competition in New York.

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Japanese dancer wins prize at int'l youth ballet competition

Japanese dancer wins prize at int'l youth ballet competition

TOKYO, Japan - File photo shows Japanese ballet dancer Haruo Niyama performing in a ceremony before a professional baseball game at Tokyo Dome in March 2014. It was announced April 10, 2014, that the 17-year-old had won the first prize in the men's senior age division between 15 and 19 at the Youth America Grand Prix ballet competition in New York.

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Fishermen sell seafood at fair in Ibaraki Pref.

Fishermen sell seafood at fair in Ibaraki Pref.

TSUKUBA, Japan - A fisherman directly sells seafood to customers at a fair for Ibaraki Prefecture's marine products held in Tsukuba in the prefecture on March 15, 2014. Fishermen are promoting local marine products to allay consumers' concerns about their safety in the wake of the nuclear accident in the neighboring prefecture following the March 2011 earthquake and tsunami.

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Younger Japanese-Brazilians getting in Japan

Younger Japanese-Brazilians getting in Japan

OSAKA, Japan - Photo taken March 21, 2014 shows Kaisei, a Brazilian sumo wrestler, set to fight against Sadanofuji on the 13th day of the 15-day Spring Grand Sumo Tournament at Bodymaker Colosseum in Osaka.

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Spring Airlines serves Osaka-Shanghai route

Spring Airlines serves Osaka-Shanghai route

KANSAI INTERNATIONAL AIRPORT, Japan - An aircraft of Chinese budget carrier Spring Airlines Co. serving the route between Osaka and Shanghai parks at Kansai International Airport in Osaka, western Japan, on March 15, 2014.

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Spring Airlines chairman meets press at Kansai airport

Spring Airlines chairman meets press at Kansai airport

KANSAI AIRPORT, Japan - Wang Zhenghua, chairman of Chinese budget carrier Spring Airlines Co., speaks to reporters at Kansai International Airport in Osaka Prefecture on March 15, 2014.

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Japan Display makes weak debut on TSE

Japan Display makes weak debut on TSE

TOKYO, Japan - Shuichi Otsuka, president and chief executive officer of Japan Display Inc., speaks at a press conference at the Tokyo Stock Exchange on March 19, 2014, about the company's debut on the TSE's First Section. The world's largest manufacturer of liquid crystal displays for smartphones and tablets ended the day's trading at 763 yen, around 15 percent lower than its initial offering price of 900 yen.

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Harumafuji, Hakuho still unbeaten at spring sumo tourney

Harumafuji, Hakuho still unbeaten at spring sumo tourney

OSAKA, Japan - Yokozuna (grand champion) Hakuho of Mongolia (R) pushes sekiwake Goeido out of the ring at the Spring Grand Sumo Tournament at Bodymaker Colosseum in Osaka on March 19, 2014, remaining unbeaten on the 11th day of the 15-day tournament.

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Harumafuji, Hakuho still unbeaten at spring sumo tourney

Harumafuji, Hakuho still unbeaten at spring sumo tourney

OSAKA, Japan - Yokozuna (grand champion) Harumafuji of Mongolia (R) slaps down ozeki Kisenosato at the Spring Grand Sumo Tournament at Bodymaker Colosseum in Osaka on March 19, 2014, remaining unbeaten on the 11th day of the 15-day tournament.

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Computer program beats professional shogi player

Computer program beats professional shogi player

TOKYO, Japan - Tatsuya Sugai, a professional shogi or Japanese chess player who holds the 5 "dan" ranking, plays a game against a computer program dubbed "Shuso" at the 3rd Denno shogi championship at Ariake Coliseum in Tokyo on March 15, 2014. Shuso won the first round of five planned matches between the program and professional players.

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Kotooshu withdraws from meet

Kotooshu withdraws from meet

OSAKA, Japan - Yokozuna Hakuho (L) beats sekiwake Kotooshu in the 10th day of the 15-day Spring Grand Sumo Tournament in Osaka, western Japan, on March 18, 2014. Kotooshu withdraw from the spring meet the following day.

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Egyptian wrestler pulls out

Egyptian wrestler pulls out

OSAKA, Japan - Egyptian maegashira Osunaarashi (R) loses to Takekaze (L) in a second straight defeat in the Spring Grand Sumo Tournament in Osaka, western Japan, on March 17, 2014. Osunaarashi, later revealing that he hurt his thigh in his loss to rising star Endo on March 16, withdraw from the 15-day meet on March 18.

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Sunken ship blocks in Ukrainian naval vessels

Sunken ship blocks in Ukrainian naval vessels

SIMFEROPOL, Ukraine - An old ship, sunk by Russian forces to obstruct Ukrainian vessels, lies near the entrance to a Ukrainian naval port on March 15, 2014.

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Harumafuji beats Kotooshu in Osaka tournament

Harumafuji beats Kotooshu in Osaka tournament

OSAKA, Japan - Yokozuna Harumafuji (L) beats sekiwake Kotooshu with "hatakikomi" (slap down) on the 9th day of the 15-day Spring Grand Sumo Tournament in Osaka on March 17, 2014.

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Goeido beats Endo in spring sumo tourney

Goeido beats Endo in spring sumo tourney

OSAKA, Japan - Sekiwake Goeido (R) beats maegashira Endo with "oshitaoshi" (frontal push down) at Bodymaker Colosseum in Osaka on March 17, 2014, the ninth day of the 15-day Spring Grand Sumo Tournament.

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New station building near World Heritage candidate site

New station building near World Heritage candidate site

MAEBASHI, Japan - A tape-cutting ceremony is held to mark the completion of a new building at Joshin Dentetsu railway company's Joshu Tomioka station in Tomioka, Gunma Prefecture, on March 17, 2014. The station is located about 15 minutes by foot from the Tomioka Silk Mill, a pioneer in Japan's industrial modernization and a UNESCO World Heritage candidate site.

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Endo beats Osunaarashi in Spring Sumo tourney

Endo beats Osunaarashi in Spring Sumo tourney

OSAKA, Japan - Maegashira Endo (R) beats maegashira Osunaarashi by "tsukiotoshi" (thrust down) on the eighth day of the 15-day Spring Grand Sumo Tournament in Osaka on March 16, 2014.

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Yokozuna Harumafuji beats Kaisei

Yokozuna Harumafuji beats Kaisei

OSAKA, Japan - Yokozuna Harumafuji beats maegashira Kaisei by "uwatenage" (overarm throw) on the eighth day of the 15-day Spring Grand Sumo Tournament in Osaka on March 16, 2014.

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Mainz beat Hoffenheim

Mainz beat Hoffenheim

SINSHEIM, Germany - Japan international Shinji Okazaki of Mainz runs after scoring his second goal in the second minute of injury time in a German Bundesliga soccer match against Hoffenheim in Sinsheim, Germany, on March 15, 2014. Mainz won 4-2.

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Mainz beat Hoffenheim

Mainz beat Hoffenheim

SINSHEIM, Germany - Japan international Shinji Okazaki of Mainz scores his second goal in the second minute of injury time in a German Bundesliga soccer match against Hoffenheim in Sinsheim, Germany, on March 15, 2014. Mainz won 4-2.

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Vitesse's Havenaar in action against Eindhoven

Vitesse's Havenaar in action against Eindhoven

ARNHEM, Netherlands - Japanese striker Mike Havenaar (L) of Vitesse Arnhem competes for the ball in a Dutch first division game against PSV Eindhoven in Arnhem, the Netherlands, on March 15, 2014. Eindhoven won 2-1.

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Vitesse's Havenaar in action against Eindhoven

Vitesse's Havenaar in action against Eindhoven

ARNHEM, Netherlands - Japanese footballer Mike Havenaar (R) of Vitesse Arnhem in the Dutch first division chases the ball in a game against PSV Eindhoven in Arnhem, the Netherlands, on March 15, 2014. Eindhoven won 2-1.

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Anti-nuclear power rally in N.Y.

Anti-nuclear power rally in N.Y.

NEW YORK, United States - Anti-nuclear power demonstrators from the United States and Japan march in New York on March 15, 2014.

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Ishikawa's approach shot in Valspar Championship

Ishikawa's approach shot in Valspar Championship

PALM HARBOR, United States - Ryo Ishikawa of Japan hits an approach shot on the sixth hole during the third round of the Valspar Championship at Innisbrook Resort and Golf Club in Palm Harbor, Florida, on March 15, 2014.

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Okazaki celebrates goal with Mainz teammates

Okazaki celebrates goal with Mainz teammates

SINSHEIM, Germany - Japanese footballer Shinji Okazaki (2nd from R) of Mainz is hugged by teammates after his goal in a Bundesliga game against Hoffenheim in Sinsheim, Germany, on March 15, 2014. Mainz won 4-2.

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Okazaki of Mainz in action against Hoffenheim

Okazaki of Mainz in action against Hoffenheim

SINSHEIM, Germany - Japanese footballer Shinji Okazaki (L) of Mainz plays in a Bundesliga game against Hoffenheim in Sinsheim, Germany, on March 15, 2014. Mainz won 4-2.

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Okazaki of Mainz sores on header against Hoffenheim

Okazaki of Mainz sores on header against Hoffenheim

SINSHEIM, Germany - Japanese footballer Shinji Okazaki (L) of Mainz scores with a header over Hoffenheim's Andreas Beck in a Bundesliga game in Sinsheim, Germany, on March 15, 2014. Mainz won 4-2.

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Ukraine, Russia teams at wrestling World Cup meet

Ukraine, Russia teams at wrestling World Cup meet

TOKYO, Japan - Wrestlers from Ukraine (L in blue) and Russia shake hands before competing at a women's wrestling World Cup meet on March 15, 2014, at Azusawa Gymnasium in Tokyo.

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