Monday April 2, 4:11 pm Eastern Time
Press Release
Alcatel Media Statement
DALLAS--(BUSINESS WIRE)--April 2, 2001--Due to the U.S. economic slowdown and resulting reduced customer spending, Alcatel is increasing its cost management initiatives to remain competitive in the States. The initiatives, such as gaining efficiencies in its overall U.S. operating budget, include a reduction of approximately 1,100 positions in Alcatel's U.S. operations of which 800 are full time employees. These employees account for less than 5 percent of Alcatel's U.S. workforce.
Employees affected by the reduction will receive a severance package and outplacement services.
``It is important, during these tough economic times in the U.S., for us to manage down our cost structure better than ever before,'' said Mike Quigley, president, Alcatel Americas. ``These types of employee impacting decisions are very difficult to make, but they are essential given the current U.S. business environment.''
Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 130,000 employees and sales of EURO 31 billion in 2000, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: alcatel.com
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Contact:
Alcatel
Media Contacts:
Brian Murphy, 972/519-6677
brian.murphy@usa.alcatel.com
Jamie Horton, 707/792-7843
jamie.horton@usa.alcatel.com
Investor Relations:
Peter Campbell, 972/519 4347
peter.campbell@usa.alcatel.com
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