France's government increases pressure on Alstom

NEWYou can now listen to Fox News articles!

French President Francois Hollande said the government will do everything in its power to ensure the sustainability of the train-making site of Alstom in the country.

Hollande, speaking during a visit to Romania, said the plant in the eastern French city of Belfort "can be supported through a number of new orders ... that must be accelerated".

The government is considering putting pressure on France's national company SNCF to reach a deal with Alstom regarding a train line in Italy.

Citing an internal document, French media said Alstom informed employees on Tuesday that it's "impossible to ensure a long-term future" for the Belfort site.

The closure of the plant would lead to 400 job cuts in Belfort. The French state has a 20 percent stake in Alstom.