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Alstom to slash jobs at Swiss rail factory

Feb. 20, 2015 7:03 AM ETAlstom SA (ALSMY) StockAOMFF, ALSMYBy: Yoel Minkoff, SA News Editor
  • 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.

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