Alcatel slashes 300 UK jobs
PrintAfter pink-slipping 2500 in US
Posted in Business, 17th July 2001 10:45 GMT
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Alcatel is slashing ten per cent of its UK workforce - about 300 jobs.
The move is to "address the changing dynamics of the telecommunications market".
The company is offering voluntary redundancies, but expects it'll have to can workers who want to stay.
Earlier in July Alcatel announced plans to cut 2,500 jobs in the US and consolidate facilities in order to cope with the continuing slowdown in spending by service providers.
The UK job cuts will be spread across offices in Banbury, Newport, Maidenhead, the Isle of Dogs, and Greenwich. ®
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