Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: larry pollock who wrote (3570)	7/25/2001 4:37:10 PM
From: larry pollock	Read Replies (1) of 3891

Alcatel Announces Canadian Workforce Reduction OTTAWA, Canada--(BUSINESS WIRE)--July 25, 2001--Alcatel (Paris:CGEP.PA and NYSE:ALA) today announced an acceleration of its cost management initiatives in Canada to address the changing dynamics of the telecommunications market. The initiatives, designed to gain efficiencies in Alcatel's overall Canadian operating budget, will include a reduction of 500 positions within Canada. Alcatel employees affected will receive severance packages and outplacement assistance. About Alcatel 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 1999, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: alcatel.com

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