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Alcatel-Lucent to slash 10,000 jobs

2013-10-08 11:00:28| BBC News | Business | UK Edition

Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs or 14% of its worldwide workforce.

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Alcatel-Lucent to cut 10,000 jobs by 2015

2013-10-08 08:52:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent announced plans to shed 10,000 jobs by the end of 2015, as part of efforts to narrow the company's focus and return to profitability. The network equipment maker said the job cuts are part of its Shift Plan announced in July and aim to reduce fixed costs by EUR 1 billion or more than 15 percent by the end of 2015. The cost savings will come from reallocating R&D investment to next-generation technologies, which should represent 85 percent of R&D spend in 2015, as opposed to 65 percent today; reducing R&D spend in legacy technologies by 60 percent; and reducing administrative, sales and support functions. The lay-offs will include 4,100 positions in Europe, the Middle East and Africa, 3,800 in Asia Pacific and 2,100 in Americas. By the end of 2015, Alcatel-Lucent will halve the number of its business hubs globally. In France the company will concentrate its service provider business at two sites: Villarceaux, south of Paris, which will become Alcatel-Lucent's primary R&D center in Europe, and Lannion, which will specialize in ultra-broadband mobile access and subscriber data management technologies. Around 900 positions in France will be eliminated in 2014 primarily in support, administrative and sales functions. Another 900 employees may also be redeployed or moved to partners in 2015.

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Alcatel to cut workforce by 10,000 jobs: Reports

2013-10-08 03:06:21| Telecom - Topix.net

The logo of Telecom equipment giant Alcatel-Lucent at the group's plant of Velisy, outside Paris, is shown in this photo taken on July 23, 2009.

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Alcatel-Lucent confirms plan to slash jobs

2013-10-08 02:00:00| Total Telecom industry news

Equipment maker to cut 10,000 jobs worldwide, reduce number of business hubs.

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Osram To Cut 900 Jobs In North America

2013-10-07 00:33:38| Industrial Machines - Topix.net

German lighting maker Osram Licht AG said it will shut down some of its lighting maintenance sites in the United States and Canada as it is slashing jobs and selling factories while shifting its business away from traditional street lights to keep up with LED technology.

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