Alstom rejects Aptis takeover offer

Alstom rejects Aptis takeover offer
Alstom rejects Aptis takeover offer

The Alstom group announced Monday that it had rejected the offer made by the Belgian group Punch Automotive International to buy its subsidiary Aptis, specializing in the manufacture of electric buses and in cessation of activity. Aptis employees demonstrated in Strasbourg on Thursday against this possible takeover.

The Alstom group has rejected the offer made by the Belgian group Punch Automotive International to buy its subsidiary Aptis, specializing in the manufacture of electric buses (symbolic photo).

ATS

“Alstom has decided not to give a favorable follow-up to Punch’s offer,” said a spokesperson for the group, confirming information from the Latest News from Alsace (DNA). “The analyzes and the various expertises have not made it possible to highlight sufficient lasting guarantees for all employees in terms of growth, industrial and social projects”, added the spokesperson.

Employees of Aptis, which employs 141 people, demonstrated Thursday in Strasbourg to express their opposition to a possible takeover by Punch, whose industrial project was deemed “completely unrealistic” by several trade unions.

The staff feared in particular to be placed in short-time work during the first two years following a recovery, the time that Punch designs its model of bus with a new engine, with hydrogen.

Reclassification of employees

The rejection of the takeover offer “is a relief for the employees, we are satisfied that Alstom has ruled out the worst possible solution”, declared Florian Bouché, CFDT delegate and secretary of the social and economic committee (CSE) of the business. “Despite everything, we will be made redundant and our activity will stop. We will now focus on ensuring the reclassification of employees, ”he added.

Alstom announced in May its intention to close its subsidiary Aptis, which is facing recurring problems with the reliability of its electric bus. The company had recorded less than 90 orders.

ATS

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Alstom rejects Aptis takeover offer

 
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