Train-maker Alstom wins £370m Elizabeth line order [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
NASDAQ:AMEX Investor Relations:
alstom.com/investor-relations
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Source: Yahoo! Finance
The announcement comes after the firm began a redundancy consultation at its Litchurch Lane factory in Derby due to a gap in orders. The contract with Transport for London will see the firm provide 10 new nine-car Aventra trains for the network. Work for the project, which includes associated maintenance until 2046, will be carried out at the Derby site. In November, the company warned more 1,300 jobs were at risk at Litchurch Lane along with many more in the supply chain due to a shortage of work. Discussions between executives from the company and Transport Secretary Mark Harper were understood to have ended in May. 'Confirmed workload' Alstom had previously said that 10 trains would be the minimum order needed in order for the Derby site to continue producing them. A spokesperson said the announcement enabled the manufacturer to begin the process of restarting manufacturing in the city. Managing director Nick Crossfield said: “We are delighted to now have a confirm
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