Alcatel-Lucent announces 10,000 job cuts worldwide to reduce fixed costs
AFPPARIS--French-U.S. telecom-equipment maker Alcatel-Lucent said on Tuesday it will cut 10,000 jobs worldwide to reduce fixed costs by 15 percent within two years and focus on new and future technologies.
October 9, 2013, 12:07 am TWN
The company has lurched from crisis to false dawn to crisis since it was formed of a merger in 2006, and is restructuring and refocusing its activities to reverse losses.
The cuts represent about a seventh of the company's global work force of 72,000.
Alcatel-Lucent said 4,100 jobs would be cut in Europe, the Middle East and Africa by 2015, 3,800 in the Asia Pacific region, and 2,100 in North and South America.