French government says it is not seeking more control of Alstom
French industry minister said upping state's 20% stake in troubled engineering group, which announced a reorganisation of plants, was not planned 'at this moment in time'.
TheThe French government is not at the moment considering raising the level of control it wields over Alstom, industry minister Christophe Sirugue said in response to a journalist's question on that option as a means of helping the trainmaker, reports Reuters.
Alstom said last week it planned to stop making trains in Belfort, eastern France, transferring production to its plant in Reichshoffen further north by the end of 2018. The Belfort site will be refocused on maintenance and repairs.
The government, which faces an election next April and has intervened to say it wants production to continue at the Belfort site where some 400 jobs are at stake, controls 20 percent of the voting rights in the company.
