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Alcatel-Lucent to cut 10,000 jobs

As part of an effort to become a more streamlined company focussing on next generation technology, Alcatel-Lucent, the French global mobile phone manufacturer and telecommunications equipment company, today announced its intention to cut 10,000 jobs.

Alcatel-Lucent explain that this is part of “The Shift Plan” announced on June 19 by Chief Executive Officer Michel Combes, which aims to ensure a sustainable financial future and a successful transformation of the company by repositioning it as a specialist in the next-generation technologies of IP Networking, Cloud and Ultra-Broadband Access in order to better serve its customers.

“We launched The Shift Plan in June to give Alcatel-Lucent an industrially sustainable future,” says Michel Combes, CEO of Alcatel-Lucent. “The strategic choices we made have been validated by our customers. To carry out this plan we must make difficult decisions and we will make them with open and transparent dialogue with our employees and their representatives. The Shift Plan is about the company regaining control of its destiny.”

The cuts are also being interpreted as intended to make Alcatel Lucent more attractive to prospect buyers prior to the sale of assets. Last month reports suggested the company was in talks with Nokia about a potential tie-up.

 

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