natgillin/translations-raw huggingface dataset:
Following a reminder sent on 2 December 2003, the Commission received, on 5 December 2003, a letter containing further information supplementing the communications of 8 August, 14 August and 26 September 2003 and France’s reply to the additional questions put by the Commission on 31 October 2003.
Po opozorilu z dne 2. decembra 2003 je Komisija 5. decembra 2003 prejela pismo z nadaljnjimi podatki o pismih z dne 8. avgusta, 14. avgusta in 26. septembra 2003 in tudi odgovor na dodatna vprašanja Komisije z dne 31. oktobra 2003.
By letter dated 3 December 2003, the Commission asked France to provide further details on the associated measures.
V pismu z dne 3. decembra 2003 je Komisija na Francijo naslovila zahtevo po novih podrobnostih v zvezi z zadevnimi ukrepi
Between 3 and 8 December 2003, the Commission received 46 sets of comments from interested third parties.
Med 3. in 8. decembrom 2003 je Komisija prejela pismo s 46 mnenji zainteresiranih tretjih strani.
These were sent to France, for its response, by letters dated 22 December 2003 and 12 and 16 January 2004.
Ta mnenja so bila v pismih z dne 22. decembra 2003 ter 12. in 16. januarja 2004 poslana Franciji, ki naj bi nanje odgovorila.
By letter dated 24 December 2003, France requested a further deadline of 20 working days to reply to the additional questions put by the Commission on 3 December 2003.
V pismu z dne 24. decembra 2003 je Francija zahtevala, da se ji dodeli dodatni rok 20 delovnih dni v katerih bo odgovorila na dodatna vprašanja Komisije iz pisma z dne 3. decembra.
The Commission acceded to this request by letter dated 13 January 2004.
Komisija je to zahtevo sprejela v pismu z dne 13. januarja 2004.
By letter dated 12 January 2004, the Commission informed France that the independent expert appointed by the Commission, following the call for tenders which it had organised for assistance in its analysis of Alstom’s restructuring plan, was the company BearingPoint France SAS.
V pismu z dne 12. januarja 2004 je Komisija Francijo obvestila, da bo neodvisni raziskovalec, ki ga je najela Komisija takoj po razpisu, ki je bil organiziran za pomoč pri analizi načrta prestrukturiranja skupine Alstom, družba BearingPoint France SAS.
By letter dated 22 January 2004, France requested a further extension of the deadline by about one month to enable it to reply to the comments submitted by third parties.
V pismu z dne 22. januarja 2004 je Francija zahtevala novo podaljšanje za približno en mesec za odgovore na komentarje zainteresiranih.
The Commission agreed to such extension by letter dated 27 January 2004.
Komisija je to podaljšanje sprejela v pismu z dne 27. januarja 2004.
On 30 January 2004, the Commission sent France a request for additional information concerning in particular the scope of the sale of Alstom’s T&B unit, to which it received a reply by letter dated 16 February 2004.
januarja 2004 je Komisija na Francijo naslovila zahtevo za dodatne podatke v zvezi z obsegom prenosa veje T&D skupine Alstom, na katero je odgovorila s pismom z dne 16. februarja 2004.
On 11 February 2004, France replied to the Commission’s letter of 3 December 2003 concerning the associated measures.
februarja 2004 je Francija odgovorila na pismo Komisije z dne 3. decembra 2003 v zvezi s povezanimi ukrepi.
Since the information was still partially incomplete, the Commission requested further details from France by letter dated 19 February 2004.
Nekateri od teh podatkov so bili delno nepopolni, zato je Komisija v pismu z dne 19. februarja 2004 od Francije zahtevala nove podrobnosti.
By letter dated 9 March 2004, France provided the information requested.
Francija je v pismu z dne 9. marca 2004 posredovala zahtevane podatke.
By letter dated 10 March 2004, the Commission reminded France that it was still waiting for its reply setting out its reactions to third party comments, which it had undertaken to provide by 1 March at the latest.
V pismu z 10. marca je Komisija ponovno opozorila Francijo, da še vedno čaka na odgovor v zvezi s komentarji na mnenja zainteresiranih strani, za katere se je obvezala, da jih bo posredovala najpozneje do 1. marca.
France’s reply, accompanied by information concerning certain amendments to the initial restructuring plan, was sent to the Commission by letter dated 15 March 2004.
Odgovor Francije, kateremu so priloženi podatki v zvezi s prilagajanjem načrta prestrukturiranja, predvidenega na začetku, je bil poslan Komisiji v pismu z 15. marca 2004.
In April and May 2004, several working meetings were held between France and the Commission, the aim being to discuss an adjustment to the financial package initially proposed by France and compensatory measures necessary for approval of the aid.
Med mesecema aprilom in majem 2004 se je odvijalo več delovnih srečanj med Francijo in Komisijo, katerih cilj je bila razprava o pripravi finančnega paketa, ki ga predlaga Francija in o nadomestnih ukrepih, potrebnih za potrditev pomoči.
Following these discussions, France sent the Commission two letters, dated 21 and 26 May 2004, in which it gave a number of undertakings concerning the measures and communicated the adjustments made to the measures initially envisaged.
Po teh pogovorih je Francija Komisiji poslala dve pismi z dne 21. in 26. maja 2004, v katerih je navedla številne obveznosti v zvezi z zadevnimi ukrepi ter prilagoditve ukrepov, predvidenih na začetku.
Further information was sent by France to the Commission by letters dated 7, 9, 10, 18 and 25 June 2004.
Francija je dodatne podatke Komisiji poslala v pismih z dne 7., 9., 10., 18. in 25. junija 2004.
Alstom is a limited liability company incorporated under French law listed on the Paris, London and New York stock exchanges.
Alstom je po francoskem pravu družba z omejeno odgovornostjo in kotira na borzah v Parizu, Londonu in New Yorku.
In the financial year 2002/2003, the group had a turnover of EUR 21,4 billion, a negative operating result of EUR 507 million and a net loss of EUR 1,38 billion. On 31 March 2003, Alstom employed some 110000 persons in 70 countries, including 62000 in Europe.
V proračunskem letu 2002/2003 je skupina ustvarila prihodek v višini 21,4 milijarde EUR, negativni poslovni rezultat v višini 507 milijonov EUR in čisto izgubo v višini 1,38 milijard EUR. Do 31. marca 2003 je Alstom zaposloval 110000 oseb, razporejenih v 70 državah, od tega 62000 oseb v Evropi.
Before the current restructuring, Alstom was engaged in the design, manufacture and maintenance of products and systems in four areas: power generation (referred to below as the Power sector), transmission and distribution (referred to below as the T&D sector), rail transport (referred to below as the Transport sector) and shipbuilding (referred to below as the Marine sector):
Pred trenutnim prestrukturiranjem se je Alstom ukvarjal z načrtovanjem, proizvodnjo in vzdrževanjem izdelkov in sistemov na štirih področjih: energija (v nadaljevanju: sektor „Power“), prenos in distribucija (v nadaljevanju: sektor „T&D“), železniški transport (v nadaljevanju: sektor „Transport“) in ladjedelništvo (v nadaljevanju: sektor „Marine“):
in the financial year 2002/2003, the Power sector had a turnover of EUR 10,9 billion and employed 46000 persons worldwide;
v proračunskem letu 2002/2003 je sektor „Power“ ustvaril prihodek v višini 10,9 milijard EUR in zaposloval 46000 oseb po vsem svetu;
in 2002/2003 prior to its sale, the T&D sector, most of which was sold to the French Areva group on 25 September 2003, had a turnover of EUR 3,6 billion with a workforce of 28000;
sektor „T&D“, ki je bil 25. septembra 2003 v večini prodan francoski skupini Areva, je pred prodajo ustvaril prihodek v višini 3,6 milijarde EUR z 28000 zaposlenimi;
in the financial year 2002/2003, the Transport sector had a turnover of EUR 5 billion and employed 28500 persons;
v proračunskem letu 2002/2003 je sektor „Transport“ ustvaril prihodek v višini 5 milijard EUR in zaposloval 28500 oseb po vsem svetu;
the Marine sector had a turnover of EUR 1,5 billion in the financial year 2002/2003 and employed 4500 persons.
končno: v proračunskem letu 2002/2003 je sektor „Marine“ ustvaril prihodek v višini 1,5 milijarde EUR in zaposloval 4500 oseb po vsem svetu.
In the financial year 2003/2004, Alstom’s turnover was EUR 16,7 billion, which was 10 % down on the financial year 2002/2003 on a comparable basis.
V proračunskem letu 2003/2004 se je prihodek skupine Alstom zvišal na 16,7 milijarde EUR, kar je za 10 % manj v primerjavi s proračunskim letom 2002/2003, na primerljivi podlagi.
Notwithstanding a positive operating result of EUR 300 million (operating margin of 1,8 %), Alstom's net loss increased to EUR 1,86 billion, of which EUR 655 million were due to restructuring costs and EUR 460 million to financing costs.
Ne glede na pozitivni operativni rezultat v višini 300 milijonov EUR (operativna marža 1,8 %) se je čista izguba skupine Alstom povečala na 1,86 milijarde EUR, od tega je 655 milijonov za stroške prestrukturiranja in 460 milijonov za finančne stroške.
Changes in the operating results by sector are shown in Table 1.
Razvoj operativnih rezultatov po sektorjih je predstavljen v tabeli 1.
Corporate data
Podatki za podjetja
(turnover and operating resulting in EUR million)
(dobiček in operativni rezultat v milijonih EUR)
Annual turnover
Letni dobiček
Operating result
Operativni rezultat
of which Power
za Power
Employees
Zaposleni
Alstom’s difficulties before the restructuring plan
Težave skupine Alstom pred načrtom prestrukturiranja
France explains that Alstom’s difficulties were triggered by a combination of several factors.
Francija razlaga, da so težave skupine Alstom nastale zaradi kopičenja več dejavnikov.
The group suffered firstly from the general downturn in the economy following the events of 11 September 2001.
Po dogodkih 11. septembra 2001 je skupino prizadela splošna gospodarska oslabelost.
France also points out that the liberalisation of certain markets (in particular electricity and, to a lesser extent, transport) was a further factor creating difficulties for the group.
Francija je prav tako poudarila, da je liberalizacija nekaterih trgov (zlasti tistih z elektriko in, v nekoliko manjši meri, transporta) dodatni dejavnik za težave podjetja.
The group also suffered from the effects of serious technical problems with the GT24 and GT26 heavy-duty gas turbines bought from the Swedish group ABB.
Skupina je med utrpela drugim posledice resnih tehničnih težav, ki so prizadele velike plinske turbine GT24 in GT26, kupljene pri švedski skupini ABB.
Alstom also had problems with trains sold in the United Kingdom.
Skupina Alstom se je prav tako spopadla s težavami, povezanimi s prodajo vlakov Združenemu kraljestvu.
Lastly, the group suffered from a lack of orders for cruise ships in 2001/2002 and 2002/2003 and losses caused by the insolvency of Renaissance Cruises.
Končno je podjetje v letih 2001/2002 in 2002/2003 utrpelo posledice pomanjkanja naročil za potniške ladje ter plačilno nesposobnost podjetja Renaissance Cruises.
As from the spring of 2003, after having announced its difficulties and the amount of its losses, the Alstom group faced a serious crisis of confidence.
Od pomladi 2003 se je skupina Alstom po objavi težav in zneskov izgub soočala z resnimi težavami pri zaupanju.
The level of orders fell, as customers no longer felt sure that the company could meet its obligations in the years ahead.
Raven naročil se je še vedno zmanjševala, ker stranke niso bile prepričane, da bi podjetje v prihodnjih letih lahko izpolnilo obveznosti.
Suppliers imposed stricter terms of payment, and financial institutions decided to reduce the amount of bonding for orders received by Alstom.
Dobavitelji so postavili ostre plačilne pogoje, finančne ustanove pa so se odločile, da bodo zmanjšale znesek garancij za naročila, ki jih prejme skupina Alstom.
Furthermore, in the aftermath of the events of 11 September 2001, several insurance companies reduced their exposure vis-à-vis their clients and imposed stricter conditions on Alstom for the granting of bonds.
Med drugim je zaradi posledic dogodkov 11. septembra 2001 več zavarovalnih družb zmanjšalo tveganja pri poslovanju s strankami in skupini Alstom postavilo ostrejše pogoje za garancije.
However, in order to stay in business on its markets, Alstom depends on obtaining bonds which cover the proper performance of its long-term contracts.
Vendar je skupina Alstom zato, da ostane dejavna na trgih, odvisna od pridobivanja garancij, ki zajemajo pravilno izvajanje dolgoročnih pogodb.
Without such bonding, Alstom cannot take on new orders.
Brez teh garancij skupina Alstom ne more sprejeti novih naročil.
The restructuring plan
Načrt prestrukturiranja
In March 2002, an initial plan to restore Alstom’s activities (Restore value) was decided on, but only partly implemented.
Marca 2002 je bil določen začetni načrt obnovitve dejavnosti skupine Alstom („Restore value“), ki pa je bil izveden le delno.
A second plan, incorporating the initial plans, but going far beyond them, was drawn up in March 2003, then amended and strengthened in January 2004.
Drugi načrt, ki je zajemal tudi začetne projekte in je bil bolj ambiciozno zastavljen, je bil sestavljen marca 2003, januarja 2004 pa je bil spremenjen in okrepljen.
This second plan is considered by France to be the restructuring plan that will cover the period between the financial year 2002/2003 and the financial year 2005/2006.
Za ta drugi načrt Francija meni da je načrt prestrukturiranja, ki zajema obdobje med proračunskimi leti 2002/2003 in 2005/2006.
It provides for three groups of measures: divestitures designed to focus the group’s activities on core business; industrial reorganisation; financial restructuring.
Predvideva tri skupine ukrepov: prodajo, s katerimi se dejavnosti skupine osredotoči na ključne dejavnosti; industrijsko reorganizacijo; finančno prestrukturiranje.
Divestitures
Prodaje
As regards the first group of measures designed to focus the group’s activities on core business, Alstom sold off some business activities resulting in an EUR 4,3 billion reduction in the group’s turnover (20 % less than 2002/2003) and a 30000 (27 %) reduction in its workforce.
V zvezi s prvo skupino ukrepov, namenjenih osredotočanju dejavnosti skupine na ključne dejavnosti, je skupina Alstom prodala nekatere poslovne dejavnosti, kar se je pokazalo kot zmanjšanje dobička za 4,3 milijarde EUR (– 20 % glede na 2002/2003) in zmanjšanje zaposlenih za 30000 oseb (– 27 %).
The divestitures were as follows:
Prodaje so bile naslednje:
Industrial reorganisation
Industrijska reorganizacija
The second group of measures involves industrial reorganisation of Alstom's core business into three divisions with an estimated total turnover of EUR 16 billion in 2005/2006:
Druga skupina ukrepov zajema industrijsko reorganizacijo ključnih dejavnosti skupine Alstom v treh sektorjih kjer so skupni dobički ocenjeni na 16 milijard EUR v letih 2005/2006:
the Power sector, comprising the Power Turbo-Systems subsector (gas and steam turbines) with an estimated EUR 3,6 billion turnover, the Power Service subsector with an estimated EUR 3,1 billion turnover and the Power Environment subsector (boilers and hydro) with an estimated EUR 3,1 billion turnover;
sektor „Power“, ki je sestavljen iz podsektorjev „Power Turbo-Systems“ (plinske in parne turbine) je prispeval dobiček v znesku 3,6 milijard EUR, podsektor „Power Service“, katerega dobiček je ocenjen na 3,1 milijarde EUR, in podsektor „Power Environment“ (kotli in hidravlične turbine), katerega dobiček je ocenjen na 3,1 milijarde EUR,
the Transport sector with an estimated EUR 5,5 billion turnover;
dobiček sektorja „Transport“ je ocenjen na 5,5 milijarde EUR,
the Marine sector with an estimated EUR 1 billion turnover.
dobiček sektorja „Marine“ je ocenjen na 1 milijardo EUR,
The total turnover also includes the Power Conversion sector (EUR 0,5 billion turnover), the Corporate sector (EUR 0,2 billion) and a negative adjustment at the aggregated level (corporate buffer) of EUR 1 billion.
Skupni dobiček zajema sektor „Power Conversion“ (dobiček 0,5 milijarde EUR), del sektorja „Corporate“ (0,2 milijardi EUR) in negativno izravnavo na skupni ravni („corporate buffer“) v višini 1 milijarde EUR.
In each of these sectors, restructuring will be carried out as follows:
V vsakem sektorju se bo prestrukturiranje izvajalo na naslednji način:
operational reorganisation of the Power Environment and Power Turbo-Systems subsectors, comprising the resizing or closing of certain sites, mainly in order to reduce the workforce and rationalise geographical siting;
poslovno prestrukturiranje podsektorjev „Power Environnement“ in „Power Turbo-Systems“ ki vključuje preoblikovanje velikosti ali zaprtje nekaterih proizvodnih enot, kar je v prvi vrsti namenjeno zmanjševanju števila zaposlenih in racionalizaciji geografske izbire lokacije,
withdrawal from the Industrial Steam Turbines (IST) business (Power Turbo-Systems subsector) and the closure of the French site at La Courneuve;
umik dejavnosti industrijskih parnih turbin (IST) (podsektor „Power Turbo-Systems“) in prodaja dejavnosti v francoski proizvodni enoti La Courneuve,
industrial reorganisation of the Transport sector, comprising the resizing or closure of certain sites and workforce cutbacks;
industrijska reorganizacija sektorja „Transport“ zajema preoblikovanje ali zaprtje nekaterih proizvodnih enot in zmanjšanje števila zaposlenih,
a reduction in activity in the Marine sector, following the closure of the Saint-Malo shipyards, decided on at the beginning of 2003.
zmanjšanje obsega dejavnosti v sektorju „Marine“ po zaprtju ladjedelnic Saint-Malo, o čemer se je odločalo na začetku leta 2003.
At the main site, Saint-Nazaire, the workforce is to be reduced through early retirements.
V glavni proizvodni enoti v kraju Saint-Nazaire je predvideno, da se bo število zaposlenih zmanjšalo z upokojitvami.
Table 2 sets out the impact of these measures on each segment of activity in the relevant three financial years (2003 to 2006).
V tabeli 2 so povzete posledice teh ukrepov za vsak segment dejavnosti za tri zadevna proračunska leta (od 2003 do 2006).
In the following years, the expected savings brought about by the restructuring measures should amount to EUR […] [6] a year.
Za naslednja leta je treba pričakovane privarčevane zneske za prestrukturiranje zvišati za […] [6] milijonov EUR na leto.
Reorganisation of activities over three years
Pregled reorganizacije dejavnosti za tri leta
Workforce reductions
Zmanjšanje zaposlenih
(persons)
(enote)
Restructuring costs
Stroški prestrukturiranja
Expected savings
Pričakovani privarčevani zneski
Power Environment
Power – okolje
Financial restructuring
Finančno prestrukturiranje
The third set of measures, financial restructuring, provides for a financial package comprising measures to be taken by Alstom, the state and banks.
Tretja skupina ukrepov, finančno prestrukturiranje, zajema finančni paket s posredovanjem skupine Alstom, države in bank.
An initial package was agreed upon on 2 August 2003.
Prvi paket je bil realiziran 2. avgusta 2003.
Following the initiation of the formal investigation procedure by the Commission, France forwarded a substantially amended agreement on 26 September 2003 that no longer contained measures involving state participation in the Alstom group's equity on an automatic and irreversible basis without prior Commission approval, as required by Community state aid rules.
Po začetku uradnega postopka pregleda s strani Komisije je Francija 26. septembra 2003 posredovala prilagojen sporazum, ki ni več vseboval ukrepov v zvezi z udeležbo države pri lastnih skladih skupine Alstom na samodejni in nepovratni podlagi brez predhodnega pristanka Komisije, kot to zahtevajo pravila Skupnosti o državnih pomočeh.
The new agreement, whose terms are described below, superseded the agreement of 2 August 2003.
Ta novi sporazum, katerega pogoji so navedeni spodaj, bo nadomestil tistega z dne 2. avgusta 2003.
The agreement comprises firstly (measure 1) a commitment by the state to subscribe to an issue of fixed-term subordinated bonds reimbursable with shares (Titres Subordonnés à Durée Déterminée Remboursables en Actions — TSDDRA) reserved for the state amounting to EUR 300 million. The bonds have a parity of 1 TSDDRA to 1 share and a subscription price of EUR 1,25. They have a term of twenty years and bear interest at a fixed rate of 2 % a year pending the Commission's decision.
Sporazum najprej zajema (ukrep 1), da se država obveže, da bo vpisala izdajo podrejenih vrednostnih papirjev za določen rok, ki se izplačajo v delnicah („Titres Subordonnés à Durée Déterminée Remboursables en Actions“ (TSDDRA)), rezerviranih za državo v višini 300 milijonov EUR. Ti vrednostni papirji imajo pariteto 1 TSDDRA za eno delnico in so vpisani za znesek 1,25 EUR. Veljajo 20 let, obrestna mera pa je določena na 2 % na leto, do sklepa Komisije.
The bonds are subordinated debts, junior-ranking to other subordinated debts including bonds mandatorily reimbursable with shares (obligations remboursables en actions — ORA), fixed-term subordinated loans (prêts subordonnés à durée déterminée — PSDD) and fixed-term subordinated bonds (titres subordonnés à durée déterminée — TSDD) [8].
Ti vrednostni papirji so podrejeno posojilo, navadni glede na druga podrejena posojila, katerih obveznosti so izplačljive v delnicah (ORA), podrejenih posojil za določeno obdobje (PSDD) in podrejenih vrednostni papirji za določeno obdobje (TSDD) [8].
Conversion is subject to the following conditionality clause: ‘the TSDDRA issued by the company and subscribed by the state will be reimbursed with ordinary shares of the company at the rate of one ordinary share of EUR 1,25 in nominal value per TSDDRA, subject only to the obtaining of a decision by the European Commission declaring that the states' subscription to the TSDDRA issued by Alstom and their reimbursement with shares constitute state aid compatible with the common market, or do not constitute state aid.
Preračunavanje je predmet naslednje določbe o pogojnosti: „TSDDRA, ki jih izda družba in vpiše država, bodo izplačani v navadnih delnicah družbe v razmerju ena navadna delnica za 1,25 EUR v nominalni vrednosti za TSDDRA, pod pogojem pridobitve sklepa Evropske komisij, e v katerem je navedeno, da TSDDRA, ki jih izda skupina Alstom in vpiše država ter njihovo izplačilo v delnicah predstavlja državno pomoč v skladu s skupnim trgom ali pa da ni del državne pomoči.
Such reimbursement with shares will take place automatically and by right on the first working day after the state receives the Commission’s decision’.
Tako povračilo v delnicah bo izvedeno samodejno in polnopravno prvi delovni dan po prejemu sklepa Komisije.“
The state has undertaken not to sell the TSDDRA or the shares that might result from their reimbursement before the company has fully recovered.
Država se je obvezala, da ne bo prodala niti TSDDRA niti delnic, ki bi izvirale iz nadomestila pred ponovno vzpostavitvijo družbe.
The banks have undertaken irrevocably to subscribe to a capital increase, approved at the general assembly of 18 November 2003 and reserved to them, of EUR 300 million for an issue price of EUR 1,25 per share.
Banke so se nepreklicno obvezale k vpisu povečanja kapitala, kot je to odobrila generalna skupščina 18. novembra 2003 in za njih rezervirala 300 milijonov EUR za izdajno ceno 1,25 EUR za delnico.
The agreement also provides for the granting of short-term liquidity facilities totalling EUR 1,5 billion (measure 2).
V sporazumu je prav tako predvideno dodeljevanje kratkoročnih likvidnostnih sredstev v višini 1,5 milijarde EUR (ukrep 2).
The additional EUR 900 million were subscribed in full, then reimbursed by Alstom: on 23 December 2003, the company paid back EUR 800 million thanks to revenue from the long-term financing (TSDDRA, TSDD and PSDD) described in recitals 39, 47 and 48 and EUR 100 million in January 2004 with the proceeds of the sale of the T&D unit to Areva.
Skupaj je bilo vpisanih 900 dodatnih milijonov in nato povrnjenih s strani skupine Alstom: 23. decembra 2003, je skupina povrnila 800 milijonov EUR iz prihodkov dolgoročnega financiranja (TSDDRA, TSDD in PSDD), opisanega v uvodnih izjavah 39, 47 in 48, ter 100 milijonov EUR januarja 2004 iz prihodkov prodaje sektorja „T&D“ skupini Areva.