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
850 jobs Number of planned job losses
Announcement Date
28 April 2003
Employment effect (start)
1 September 2002
Foreseen end date
1 December 2003
Description
Alcatel Space announced a restructuring affecting 850 jobs. This plan is part of the global restructuring plan of Alcatel. 350 jobs will be dismissed in France. Alcatel Space Denmark and Norway will close down by the end of 2003. And Alcatel Space Switzerland should be sold soon.
The new restructuring is due to the overall degradation of the telecommunication market and to the huge offer in the sector worldwide.
Sources
28 April 2003: Les Echos
Citation
Eurofound (2003), Alcatel Space, Internal restructuring in World, factsheet number 59888, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59888.
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