The French giant Alstom announces a cut of 1300 jobs in Europe, in the construction of power plants and in the IT division. During the conference call to present the financial statements for the first half year, the number one of the group, Patrick Kron, quantified the redundancies but did not indicate which countries will be affected.
Alstom closed the half year with orders down 22% to 9,4 billion euros, turnover increased by 4% to 9,7 billion. Profit and operating margin remained stable, respectively at 700 million and 7,1%; the net profit is equal to 375 million euros, it was 386 in 2012.
Alstom employs 93 people, of whom 18 in France, 9 in Germany, 6.500 in the United Kingdom and 6.400 in Switzerland, and has already made personnel cuts in 2010 and 2011. Production minister Montebourg assured that the cuts will have no impact in France.
Meanwhile, the French group's share soars on the stock exchange, +6,55 and a share price of 28,86.
