Machines | France fights to save engineering giant
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The French government is fighting to save one of its biggest engineering firms, Alstom, from going under. Two foreign companies are vying for a takeover, which has many worred about the future of jobs in the region where Alstom is based. Catherine Stancl has more.
Comments
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it's the automobile and oil industry that wants these trains brought down to bare minimum....duh...
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Oh well, they still have their wonky cars.
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I don't think the government has the needed expertise to make a corporation like that competetive again. It's not something like an auto company like GM where you can simply change focus or set better efficiency standards for the vehicles. After having seen Mr. Musk's approach to reducing production costs, they probably have to re-think how they can better automatize production, or maybe the company is losing tons of money to inefficiency elsewhere? Is it really just lack of international sales due to the crisis? How sustainable is such a model?
I wouldn't like Siemens to buy them - it might cause divisions between the French and the Germans, and Siemens is already large. I wouldn't associate GE with being able of turning this company around either, but maybe I'm mistaken here, since I don't see much of them due to them being from overseas.
France's rail infrastructure and vehicle park needs to be maintained - is that not sufficient to keep Alstom in the black?? -
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TRANSLATION: A Company that should have died in a tar pit like a good dinosaur was given Govt money and improved benefits so that a better company couldn't step up to take it's place and compete in the market.