Alstom - 1,330 Jobs At Risk At Derby

[4630]

17 minutes ago, GMKAT7 said:

 

 

As I understand it from other threads on here, that fleet is still not in full revenue service, so presumably there are contract penalties in place that will impact now on Alstom.

 

One of the permanent Derby staff confided that each Aventra vehicle cost more to produce than the contract sale price. And this figure was not tens of pounds but something with more noughts after it.

 

So, something was off three years ago and seems to be coming home now.

Doesn't help the poor souls there facing unemployment.

 

 

 

“In September 2020, Alstom signed the sale and purchase agreement to acquire Bombardier Transportation with revised price terms, which reduced the price range by €300m.

 

The updated terms revised the price range for the acquisition of all Bombardier Transportation shares from €5.5bn to €5.9bn compared with the initially announced range between €5.8bn and €6.2bn.

 

The revised offer was reportedly the result of Bombardier’s poor quarterly performance and the Covid-19 pandemic.”

 

The above quote is from railway-technology.com

 

 

It would be interesting/amusing/concerning (delete as appropriate) to learn how much of the issues with manufacturing and the various Aventra contracts at Derby were uncovered during Alstom’s due diligence work prior to their purchase of Bombardier.

 

Edited November 16, 2023 by 4630
Correct spelling