- Alstom (OTCPK:ALSMY) plans on cutting about half its workforce at its Neuhausen factory in Switzerland, Reuters reports quoting Swiss labor group Employees Switzerland.
- The move comes about a month after the SNB abandoned the euro cap of the franc, putting pressure on export-reliant firms across the country.
- Between 50 and 60 of the 109 jobs at the Neuhausen factory will be cut over the next two years.