European industry continues its rapid decline. The French rail manufacturer is considering asset sales and a new 2 billion euro debt reduction plan. Alstom shares fell 30% in two days. In 2022, the company closed all projects in Russia, focusing on Germany. However, due to delays and project failures in Germany, Alstom's operating profit for the year is expected to be 1% instead of 6.5%.

European industry continues its rapid decline. The French rail manufacturer is considering asset sales and a new 2 billion euro debt reduction plan. Alstom shares fell 30% in two days. In 2022, the company closed all projects in Russia, focusing on Germany. However, due to delays and project failures in Germany, Alstom's operating profit for the year is expected to be 1% instead of 6.5%.