Ascom has initiated and partially already implemented substantial measures in France to adapt its capacities to the market conditions and to focus on its core competencies. The restructuring measures include the reduction of the workforce, the sale of production capacities and the transfer of employees.
Due to the difficult market conditions and in the context of the restructuring of the activities in France, during recent days Ascom has been able to conclude talks with the social partners about a reduction of 77 jobs at its subsidiary Monétel SA in Valence, France. The reduction concerns mainly the payphones activities. The measures are to be put into effect already in October.
In addition, Ascom has been successful in signing a contract with Ardelec SA, Saint-Agrève, for the sale of the production capacities of a unit belonging to Monétel SA. Part of this contract, which has already been agreed upon by the social partners of both companies, is the transfer of every 55 employees to the company Ardelec SA as of the end of October.
Adaptations of the production capacities to the order volume also makes it necessary to reduce staff at Ascom HPF SA, Bonneville, by 94 from the total of 306 jobs. The employees have been informed about the plans and talks with the social partners have already been started.
With these measures and their consistent implementation, Ascom fulfils the necessary adaptions in France to the market conditions.
About Ascom
Ascom is an international solution supplier with a comprehensive technology know-how. In the areas Transport Revenue (revenue collection and parking systems), Security Solutions (applications for security, communications, automation and control systems for infrastructure operators, public security institutions and the army), Network Integration (network solutions in the data/voice convergence market) and Wireless Solutions (high quality on-site communications solutions) the company has established itself with many years of experience in the execution of complex projects for demanding customers in important key markets. Ascom's offering covers analysis and consulting, system design and system integration, project management, engineering and implementation and goes right through to maintenance and support. The company hassubsidiaries in 23 countries and employs a staff worldwide of more than 5000 employees. The Ascom registered shares (ASCN) are quoted on the SWX Swiss Exchange in Zurich.
