"an acceleration of its cost management initiatives in the U.S."
Monday July 9, 4:27 pm Eastern Time
Press Release
Alcatel Media Statement
DALLAS--(BUSINESS WIRE)--July 9, 2001--To address the continuing economic slowdown in the United States telecommunications networking industry, Alcatel today announced an acceleration of its cost management initiatives in the U.S.
The initiatives, designed to gain efficiencies in Alcatel's overall U.S. operating budget, will include a reduction of 2,500 positions and additional facility consolidation in the U.S.
Employees affected by the reduction will receive a severance package and outplacement services.
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 110,000 employees and sales of EURO 31 billion in 2000, Alcatel operates in more than 130 countries. For more information, visit alcatel.com
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Contact:
Alcatel
Media Contact:
Brian Murphy, 972/519-6677
brian.d.murphy@usa.alcatel.com
Investor Relations:
Peter Campbell, 972/519-4347
peter.campbell@usa.alcatel.com
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