Summary
Siemens has denied it is 'lying in wait' to snap up troubled French rival Alstom, which is axing more than 1,000 train making jobs in Birmingham.
Alstom has been given a further five months to complete a financial restructuring programme.See the full content of this document
Extract
Train Firm Given Five Months to Survive
Its banks have granted the group until September 30 to meet its commitments.
The French government rescued Alstom from bankruptcy last year with a pounds 3 b...See the full content of this document
Sponsored links
