The Candian conglomerate is traing to rescue its loss-making railway division by cutting 5,500 jobs, half of them in its three manufacturing sites in Germany.
Europe's rail giants have joined forces with a Malaysian firm to bid for a train project connecting Malaysia and Singapore. Together, they want to take on Asian rivals like China's state-owned CRRC.
French President Emmanuel Macron lays out his ambitious vision for Europe, and shortly afterwards industrial giants Siemens and Alstom announce their merger plan. It's no coincidence, says DW's Andreas Becker.
The deal merging Siemens' railway division with train maker Alstom has been hailed as the making of a "European champion." But what will it mean for workers, and will it be enough to compete with Chinese behemoth CRRC?
Germany's Siemens and France's Alstom may be on the verge of merging their rail businesses, media reports suggest. It would come at a time when they are facing growing competition from China's state-backed rival CRRC.
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