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March 5, 1997updated 05 Sep 2016 12:55pm

ALCATEL SEL TO SELL TWO OF ITS PLANTS IN GERMANY

By CBR Staff Writer

In acknowledgement that Germany is simply becoming too expensive as a manufacturing base, the Alcatel SEL AG arm of Alcatel NV is to sell a plant in Landshut that employs 608 people and another in Stuttgart that employs 53, as part of its program to reduce its workforce to 13,700 by year-end from 16,000 at the end of 1996. It had planned to cut only 1,500 jobs this year.

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