Alcatel plans to cut 2,500 jobs in U.S. amid restructuring

Article Abstract:

Alcatel SA is laying off workers in the United States due to the slowdown in the economy. The company will layoff 2,500 employees.

Foreign operations

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Alcatel to buy satellite shares it doesn't own

Article Abstract:

Alcatel SA has reached a deal to acquire the shares of Thales SA that it does not already own. Alcatel will acquire 48.83% of Thales for 795 million euros.

Asset sales & divestitures, Acquisitions & mergers, Other Electrical Equipment and Component Manufacturing, Electronic Components and Accessories, Military Electronics, Mergers, acquisitions and divestments, Thales S.A., Military electronics industry

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Alcatel to cut 12,000 workers in U.S., Europe; warns of profit-margin shortfall

Article Abstract:

Alcatel SA announced that it is reducing its labor force in the US and Europe by an additional 12,000 workers. This number constitutes 10% of the French telecommunication-equipment firm's labor force. Alcatel also said that its telecommunications division's operating profit margins could be lower than what it previously forecast. For the 1998 year, Alcatel posted 2.34 billion euros ($2.56 billion) in net profits.

Comment:

Reducing labor force in US and Europe by an additional 12,000 workers

Europe, Abstract

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