A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes, France, February 15, 2019.
REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsNov 15 (Reuters) - Alstom (ALSO.PA) on Wednesday said it would cut jobs, sell assets and was considering a capital increase in a bid to boost its balance sheet and alleviate investor concerns over high debt.
The maker of France's iconic TGV trains said it aimed to cut about 1,500 staff to help meet its confirmed mid-term targets.
Alstom plans to cut its net debt by 2 billion euros ($2.2 billion) by March 2025.
As of Sept. 30, it had a net debt of 3.43 billion euros.
Persons:
Regis, Henri Poupart, Lafarge, Philippe Petitcolin, Safran, Olivier Sorgho, Milla Nissi, Silvia Aloisi
Organizations:
Alstom, REUTERS, Traders, Thomson
Locations:
Semeac, Tarbes, France, Gdansk