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Paris (pte055/02.12.2004/16:00) - French telecommunications manufacturer Alcatel http://www.alcatel.com has announced plans to cut around 10 per cent of its German work force. As the Wall Street Journal Online http://www.wsj.com reports, the restructuring plan for its German-based subsidiary Alcatel SEL should see a 550-position reduction by the end of 2005. According to a statement by the company, 600 positions will be cut and 50 new jobs created in the Alcatel SEL group in the coming year, with most of the affected jobs based in Stuttgart.
According to the French firm, a major reason for the restructuring is the decline in traditional voice switching systems. Other reasons for the job cuts were resizing of sales and support teams and streamlining of administration and finance activities.
The announcement comes following a far-reaching restructuring spread over several years under which thousands of workers have lost their jobs at the company. Alcatel SEL is Alcatel's second largest European operation and employs around 5,300 people in Germany.
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