Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction

Updated Nov. 15, 2023 3:42 am ET

Alstom plans to cut around 1,500 jobs and scrap its dividend as part of a cost-savings plan to reduce debt and boost profitability.

The French train maker said Wednesday that it is also considering equity and equity-like issuances, as well as a capital increase, among potential options to accelerate its debt-reduction plans.

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