Printer Friendly
The Free Library
23,383,293 articles and books


ALSTOM JOBS ARE SAFE - FOR NOW.

Byline: ANNETTE MORGAN and COLIN LEWIS

ALSTOM workers in Rugby were today assured their jobs were safe - for now - after the firm announced plans to cut 3,000 jobs across Europe.

Union chiefs believe Rugby should escape the axe following a meeting with management yesterday, Alstom said.

Tom Keogh, regional officer for the Amicus union, said Rugby jobs should be protected for 12 months because of plans for the town's plant to be taken over by the Siemens group. He said he did not know what would happen after that.

Yesterday's announcement said there would be job losses in Britain, France, Germany, Italy, Poland and Switzerland. The cuts are to come from Alstom's Power Turbo-Systems division, which employs about 11,000 people.

The news comes after last month's announcement that the Rugby plant was to scrap 120 jobs in the summer, in addition to more than 200 redundancies announced last year.

Last month, the company conceded that a turnaround scheme had failed and announced plans to sell its profitable energy transmission and distribution division and industrial gas turbine business to prop up its balance sheet.

Alstom is struggling under debts of pounds 3.5 billion.

Mr Keogh, who represents 800 workers at the plant, said: "This is another blow for manufacturing industry."

Rugby borough councillor Chris Holman (Lib Dem, Caldecott), who worked at Alstom for 42 years, said: "I remember Alstom when it employed 13,000 and now it employs less than 2,000."
COPYRIGHT 2003 Coventry Newpapers
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Coventry Evening Telegraph (England)
Geographic Code:4EUFR
Date:Apr 26, 2003
Words:244
Previous Article:Man, 76 injured in taxi crash.
Next Article:Ready for a big display.
Topics:



Related Articles
Workers fear job losses as firm moves to trim debt.
More Alstom job cuts feared.
WORKERS'SHOCK AT PENSION LOSS BLOW.
Sorted And The City: A HAPPY SHIP.
SHARES DIP FEARS FOR WORKERS AT ALSTOM; Attempt to suspend trading at troubled company.
Alstom shares blow.
GLIMMER OF HOPE FOR ALSTOM JOBS; European rescue scheme in sight.
France launches a lifeboat for Alstom.
FRENCH STEP IN TO SAVE ALSTOM; Rescue package a relief for Rugby workers.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters