Alstom to Reduce Jobs, Scrap Dividend to Speed up Debt Discount

Alstom plans to chop round 1,500 jobs and scrap its dividend as a part of a cost-savings plan to cut back debt and increase profitability.

The French practice maker mentioned Wednesday that it is usually contemplating fairness and equity-like issuances, in addition to a capital enhance, amongst potential choices to speed up its debt-reduction plans.