Alstom cuts 1,500 jobs to stabilise finances
Alstom headquarter's in France Shutterstock
French manufacturer of trains, metros and rail systems Alstom is to cut some 1,500 jobs. While its sales are going up, the company’s shares dropped last month and the intervention is part of a larger reorganisation aimed at improving the industrial group’s finances, the company announced at its half-year results.
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As always, the workers pay the bad administration