SAINT-OUEN-SUR-SEINE, France — Alstom, the world’s second-largest rail rolling stock manufacturer is seeking to sell up to 1 billion euros in assets (about $1.09 billion) and cut 1,500 jobs as it faces a negative cash flow and a massive drop in stock value, Reuters reports. The company is also considering a capital increase. The company, […]
Alstom plans asset sale, layoffs as a result of cash-flow concerns
