Alcatel CIT

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products
470 jobs
Number of planned job losses
Job loss
Announcement Date
3 December 2003
Employment effect (start)
1 January 2004
Foreseen end date

Description

Alcatel CIT, main Alcatel subsidiary in France, will cut 470 jobs in 2004. In order to pursue this objective, the group wishes to encourage early retirements. Another 900 employees will be reaffected to other Alcatel locations (another 300 had already been redeployed in 2003). Unions fear for the survival of Alcatel CIT.

Sources

  • 4 December 2003: Les Echos
  • : www.alcatel.fr
  • 3 December 2003: press release

Citation

Eurofound (2003), Alcatel CIT, Internal restructuring in France, factsheet number 59884, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59884.