Union call to block 8,500 Alstom layoffs

26th May 2004, Comments 0 comments

PARIS, May 26 (AFP) - A union leader at French engineering group Alstom said Wednesday the government should act quickly to save jobs at the company after its chairman disclosed that a total of 8,500 posts would be eliminated.

PARIS, May 26 (AFP) - A union leader at French engineering group Alstom said Wednesday the government should act quickly to save jobs at the company after its chairman disclosed that a total of 8,500 posts would be eliminated.

Francine Blanche of the CGT trade union recalled that Finance Minister Nicholas Sarkozy had said workers at Alstom "should not suffer the consequences of bad management at the group."

She said the state "should act rapidly to match its words with actions and stop the layoffs."

Alstom chairman Patrick Kron earlier Wednesday, commenting on a rescue plan just worked out between French officials and European competition authorities, said the restructuring would involve the loss of 8,500 jobs throughout the world instead of 7,000 planned earlier.

Half of the 8,500 job cuts had occurred by March 31. Of the initial 7,000 cuts, 5,000 were in Europe.

© AFP

Subject: French news

 

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