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Alstom, French government in tug-of-war over TGV train plant

Mayor of Belfort, Damien Meslot (C) leaves Alstom's headquarters in Saint-Ouen on September 13, 2016. Alstom, which is 20-percent owned by the state, announced last week it would halt production at the factory in Belfort in eastern France by 2018France’s Socialist government clashed with trainmaker Alstom on Tuesday over the company’s plans to close a historic plant, throwing into focus the state’s policy of intervening to shore up a shrinking manufacturing base. Alstom, which is 20-percent owned by the state, announced last week it would halt production at the factory in Belfort in eastern France by 2018. The government swung into action, promising that the factory would be saved, only for Alstom to fire back Tuesday that it would be “impossible” to continue operations at the site.

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