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Alcatel Space To Restructure, Cut Jobs (Sept. 26)

PARIS ---Alcatel Space today announced an industrial reorganization plan at its French facilities in Cannes, Nanterre, Toulouse and Valence to cope with the steady decline in the space sector.

Restructuring measures, which will be applied within the scope of Alcatel's worldwide cost reduction program, are a further workforce reduction of about 400 during the first half year of 2003 in order to adapt to market trends.

Furthermore, Alcatel Space decided to launch an industrial conversion project for its Valence plant, which has 250 employees. This project will be carried out in consultation with unions, to conduct jointly a study to explore the reconversion of the production unit by seeking external industrial workloads with partners.

Alcatel Space will work closely with labor representatives to reduce its workforce and carry out the Valence industrial conversion project, and will do so in a socially responsible manner. In particular, it will offer early retirement, leave for training and employees outplacement. Alcatel Space's workforce in France has 5200 people at the end of 2002.

Alcatel Space ranks among the world's leading space systems prime contractors. Leveraging its dual expertise in civil and military applications, Alcatel Space develops satellite technology solutions for telecommunications, navigation, optical and radar observation, meteorology, and scientific applications. The company is also Europe's number one prime contractor for Earth observation, meteorology and navigation ground segments, as well as space systems operations. A fully-owned subsidiary of Alcatel (100%), Alcatel Space generated 2001 revenues of 1.4 billion Euros and has 6,500 employees.

Alcatel designs, develops and builds innovative and competitive communications networks, enabling carriers, service providers and enterprises to deliver any type of content, such as voice, data and multimedia, to any type of consumer, anywhere in the world. Relying on its leading and comprehensive products and solutions portfolio, stretching from end-to-end optical infrastructures, fixed and mobile networks to broadband access, Alcatel's customers can focus on optimizing their service offerings and revenue streams.

With sales of EURO 25 billion in 2001, Alcatel operates in more than 130 countries.

Alcatel Space Announces Restructuring To Cope With Continued Downturn In Space Market