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Alstom to cut about 100 jobs in France - CEO on BFM radio
November 13, 2013 / 2:21 PM / 4 years ago

Alstom to cut about 100 jobs in France - CEO on BFM radio

PARIS, Nov 13 (Reuters) - French turbine and train maker Alstom will cut around 100 jobs in France out of the 1,300 it plans to axe worldwide, Chief Executive Patrick Kron told BFM radio on Wednesday.

Alstom, which makes high-speed TGV trains, announced sweeping job cuts last week and said it would sell up to 2 billion euros ($2.7 billion) of assets to raise cash after a tough first half of the year.

The company has not given a detailed breakdown of the job cuts, which will centre on Europe. But French Industry Minister Arnaud Montebourg quickly stepped in to say the cuts would not affect Alstom’s home market, saying the group owed a lot to France for having bailed it out a decade ago.

CEO Kron tempered this claim on Wednesday, saying France would see some job cuts in IT services, though to a lesser extent than Germany, where it plans to slash costs at its coal-fired plant business to cope with lower demand.

“In central services there will be some job cuts, in several European countries, including France. Around a hundred jobs in France, if we want to be precise, out of the 1,300 announced,” Kron told BFM radio.

“Germany is one of our main hubs for coal, and this is an area in which there will be greater restructuring,” he added, giving no figures.

Alstom has around 18,000 staff in France, or 20 percent of its global workforce. ($1 = 0.7442 euros) (Reporting by Natalie Huet; editing by Tom Pfeiffer)

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