FCC to Cut Down On Manpower

Politics ♦ Published: March 20, 2013; 19:58 ♦ (Vindobona)

Alpine’s parent company, Spanish construction enterprise FCC is going to cut back on 1,000 jobs. Furthermore, company shares that are not part of the core business in the amount of € 2.2bn are supposed to be sold.

In order to pay down the amounted debt, parent company FCC of into-payment-difficulties-gone Alpine intends to cut back posts and sell company shares. The corporation, which also offers services, announced on Wednesday that the positions are going to be cut in the domestic construction business.

Furthermore, company shares as high as € 2.2bn which are not part of the core…

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