Gemalto Announces a Restructuring Project in France
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MSTERDAM, June 7/ -- Gemalto (Euronext NL0000400653 GTO), a world leader in digital
security, today announces it has informed the Employee Representatives of a restructuring project in France. The implementation of the project would result in the ending of the manufacturing activity in the Orleans facility by the second half of 2008, as well as the redeployment of its production activity towards other existing centers of the Group in France and Western Europe. This restructuring project in France aims at lessening the central industrial costs and rationalizing the manufacturing centers while making them more specialized. In order to optimize Gemalto's industrial capacity, the Pont-Audemer (Normandy) site would manage the production of SIM cards for Western Europe while Gemenos would gather all the industrialization and the embedding activities for French banking cards.
This project follows an overall cost reduction program that the company has been pursuing on a worldwide basis, notably in China, the United States of America, Mexico, the United Kingdom, South Africa and Russia.
The project would also impact the Manufacturing Coordination department and some support functions.
The project does not involve the R&D in Meudon and La Ciotat, nor the personalization center of Tours.
The overall net impact of the project would involve 409 positions including 362 positions in the Orleans facility. The Company employs close to
3 500 people in France.
Gemalto is committed to explore all the possibilities to limit the employment consequences of this project. The Company would facilitate internal moves with a priority for jobs available in Western Europe, and would favor outplacement opportunities in the region primarily for Orleans center employees. Simultaneously, Gemalto would set up a dialogue with the local players to help build a dynamic industrial settling in the Saint-Cyr-en-Val area.
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is a leader in digital security with Pro forma 2006 annual revenues of EUR1.7 billion, operations in about 100 countries and over 10,000 employees including 1,500 R&D engineers. In a world where the digital revolution is increasingly transforming our lives, Gemalto's solutions are designed to make personal digital interactions more convenient, secure and enjoyable.
Gemalto provides end-to-end digital security solutions, from the development of software applications through design and production of secure personal devices such as smart cards, SIMs, e-passports, and tokens to the management of deployment services for its customers. More than a billion people worldwide use the company's products and services for telecommunications, financial services, e-government, identity management, multimedia content, digital rights management, IT security, mass transit and many other applications.
As the use of Gemalto's software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
Gemalto was formed in June 2006 by the combination of Axalto and Gemplus.
For more information please visit www.gemalto.com
Contact Information:
Stephane Bisseuil
Investor Relations
T.: +33-1-55-01-50-97
stephane.bisseuil@gemalto.com
Remi Calvet
VP Corporate Communication
T.: +33-6-22-72-81-58
remi.calvet@gemalto.com
Emmanuelle Saby
Corporate Media Relations
T : +33-6-09-10-76-10
emmanuelle.saby@gemalto.com
Source: Gemalto
