SPEAKING at a joint Siemens-Alstom press conference in Paris on September 27, Mr Joe Kaeser, president and CEO of Siemens, confirmed that the merger of Siemens Mobility and Alstom should be completed at the end of 2018. Kaeser also said there will be redundancies.
BOMBARDIER Transportation announced on September 25 that the company’s Management and General Works Council has signed a general company agreement formalising the transformation strategy for its German sites, announced on June 29, which will result in 2200 job losses.