Could AlcaLu be about to chop 25,000 European jobs?
Seems a bit extreme, since it may make it difficult to win business in Europe if and when it recovers. But desperate times call for desperate measures. Looks like the European unionistas have priced themselves out of a job.
The baby steps this company is taking are not likely to be adequate to meet the challenges. Most analysts don't believe it's enough, Moody's doesn't believe it's enough, the CAC 40 doesn't believe it's enough, and evidently Goldman doesn't either. A major restructuring, such as management and Board would not contemplate on it's own, is needed, and Goldman recognizes this. Hopefully, Goldman will shove real reform down their champagne sucking throats.