alstom
German industrial trade union IG Metall has cancelled its collective bargaining deal with French train manufacturer Alstom over concern about the future of the company's production plants in eastern Germany. The trade union has accused the train manufacturer of failing to live up to promises to continue investing in its operations in Germany. The deal was supposed to run until 2026. Alstrom implemented the collective bargaining deal "inadequately from the outset," alleged René Straube, chairman of the general works council at the company. Workers had agreed to waive vacation pay at the plants ...
DPA International
German industrial trade union IG Metall has cancelled its collective bargaining deal with French train manufacturer Alstom over concern about the future of the company's production plants in eastern Germany. The trade union has accused the train manufacturer of failing to live up to promises to continue investing in its operations in Germany. The deal was supposed to run until 2026. Alstrom implemented the collective bargaining deal "inadequately from the outset," alleged René Straube, chairman of the general works council at the company. Workers had agreed to waive vacation pay at the plants ...
DPA
German industrial trade union IG Metall has cancelled its collective bargaining deal with French train manufacturer Alstom over concern about the future of the company's production plants in eastern Germany. The trade union has accused the train manufacturer of failing to live up to promises to continue investing in its operations in Germany. The deal was supposed to run until 2026. Alstrom implemented the collective bargaining deal "inadequately from the outset," alleged René Straube, chairman of the general works council at the company. Workers had agreed to waive vacation pay at the plants ...
DPA Breaking News
French train manufacturer Alstom has launched the final stage of a €2-billion ($2.17-billion) deleveraging plan. The company said on Monday it has launched a share capital increase with preferential subscription rights for an amount of about €1 billion, thus executing the final step of the announced €2-billion deleveraging plan. The share capital increase is the final step of the deleveraging plan that also includes: Divestments for about €700 million; the successful placement of €750 million of hybrid bonds with 50% equity content for Moody's announced on May 23, 2024. Alstom noted that it wi...
DPA Breaking News
French rail transport infrastructure manufacturer Alstom saw a rise in full-year sales, it reported on Wednesday. The company reported earnings before interest and taxes (EBIT) before purchase price allocation (PPA) of €356 million ($383 million) for the full year, lower than €366 million in the previous year. Excluding special items, adjusted EBIT increased 17% to €997 million from €852 million a year ago. For the full year, Alstom posted a net loss of €309 million, wider than €132 million loss last year. On an adjusted basis, the company had a profit of €44 million, down from €292 million th...
DPA International
French rail transport infrastructure manufacturer Alstom saw a rise in full-year sales, it reported on Wednesday. The company reported earnings before interest and taxes (EBIT) before purchase price allocation (PPA) of €356 million ($383 million) for the full year, lower than €366 million in the previous year. Excluding special items, adjusted EBIT increased 17% to €997 million from €852 million a year ago. For the full year, Alstom posted a net loss of €309 million, wider than €132 million loss last year. On an adjusted basis, the company had a profit of €44 million, down from €292 million th...
DPA
French rail transport infrastructure manufacturer Alstom saw a rise in full-year sales, it reported on Wednesday. The company reported earnings before interest and taxes (EBIT) before purchase price allocation (PPA) of €356 million ($383 million) for the full year, lower than €366 million in the previous year. Excluding special items, adjusted EBIT increased 17% to €997 million from €852 million a year ago. For the full year, Alstom posted a net loss of €309 million, wider than €132 million loss last year. On an adjusted basis, the company had a profit of €44 million, down from €292 million th...
DPA Breaking News
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