French train maker Alstom restructures German operations [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
Alstom said rolling-stock structural work was being shifted to Eastern Europe and that the move was part of specialization at German production sites, with sites at Hennigsdorf, Kassel and Mannheim affected. Some 700 workers are employed at the plant in the state of Saxony, which has been in operation for 175 years. Alstom said that workers' representatives had been informed. Alstom said that confidential talks with an industrial partner on possible involvement at the site were at an advanced stage with the aim of providing a long-term perspective for industrial jobs. These plans had long been known, and Alstom was now making details public, it said. Works council head René Straube described the decision as "really bitter." Straube predicted a loss of quality in moving the work abroad. The Görlitz plant has in the past produced double-deckers for export to Israel. Under the Alstom plans, no rolling stock will in future be built at Hennigsdorf to the north-west of Berlin, wi
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