The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
600 jobs Number of planned job losses
50 jobs Number of planned job creations
Announcement Date
1 December 2004
Employment effect (start)
Foreseen end date
31 December 2005
Description
In December 2004, the French electronics and telecommunications company Alcatel SA said its German unit, Alcatel SEL, will cut 550 jobs during the next year as part of the company's restructuring plan. Alcatel SEL's main activities are in the fields of mobile-phone technology and railway signalling. Alcatel said the plan will result in the departure of 600 employees and the creation of 50 new jobs by the end of 2005, mainly located in Stuttgart. The French company said the restructuring plan is necessary due to the decline in traditional voice switching systems, scaling-down of sales and sales support teams, and streamlining of administration and finance functions. Alcatel SEL, Alcatel's second-largest European unit in terms of employees and research-and-defense activity, has a total workforce of 5,300.
Sources
1 December 2004: Alcatel - Press release
2 December 2004: Handelsblatt
2 December 2004: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2004), Alcatel SEL, Internal restructuring in Germany, factsheet number 60892, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60892.
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