Solutions Plastiques and Alcatel to Transfer Employees

March 26, 2003
Lannion, Paris, March 26, 2003. Solutions Plastiques, a plastic molding company, and Alcatel Optronics have signed an agreement which would allow the transfer of part of Alcatel Optronics' Lannion site (Brittany, France) employees. Solutions Plastiques will develop jobs in plastic moulding in the Tregor area and will offer 115 jobs to employees of Alcatel Optronics' Lannion site, to be accepted on a voluntary basis. Alcatel Optronics employs 180 people in Lannion

Lannion, Paris, March 26, 2003. Solutions Plastiques, a plastic molding company, and Alcatel Optronics have signed an agreement which would allow the transfer of part of Alcatel Optronics' Lannion site (Brittany, France) employees. Solutions Plastiques will develop jobs in plastic moulding in the Tregor area and will offer 115 jobs to employees of Alcatel Optronics' Lannion site, to be accepted on a voluntary basis. Alcatel Optronics employs 180 people in Lannion.

Solutions Plastiques is growing in buoyant markets, such as the car industry and horticultural-agricultural sectors. Solutions Plastiques is positioning itself to benefit from the on-going consolidation of the car industry business in the West of France. In parallel, the company is strengthening its European leader position on the booming specialized agricultural equipment market.

"This agreement would allow us to increase our production capacity, to integrate already qualified employees, to accelerate our growth, to decrease our time-to-market, and to complete our product portfolio," explained Philippe Jacob, Chief Executive Officer of Solutions Plastiques. "We wish to enhance our activities in the Tregor area and to reinforce our involvement in the local economy."

"We are happy to announce the signature of this agreement, which shows the first step of our conversion project of the Alcatel Optronics' Lannion site", said Claude Amouroux, Chief Executive Officer of Alcatel Optronics France. "The growth of Solutions Plastiques and the quality of its positioning in its markets, would provide strong and motivating opportunities to Alcatel Optronics Lannion employees, while strengthening the employment situation of the Tregor area."

The terms of the project will be presented to employee representatives of both companies.

The Solutions Plastiques group has an headcount of 170 people and a consolidated turn over of around 14 million Euro in 2002. Its products and know-how in plastic injection represent the largest part of its business and sales. Nevertheless, other injection related businesses are offered by the company: mould study and manufacturing, mounting and finishing off (tampography and serigraphy). Solutions Plastiques is present in different business sectors with large industrial groups in the car industry, the building industry, office automation and agro-furniture.

Alcatel Optronics designs, manufactures and sells high performance optical components, modules and integrated sub-systems for use in terrestrial and submarine optical telecommunications networks. Alcatel Optronics is a leading supplier of DWDM lasers, photodetectors, optical amplifiers, high-speed interface modules and key passive devices such as arrayed waveguide multiplexers and Fiber Bragg Grating filters. It also has experience in integrating active and passive components and modules into sub-systems.

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