Recovery: Alcatel-Lucent to Cut 10,000 Jobs
October 8th, 2013Via: Dice:
Alcatel-Lucent is planning to cut 10,000 workers by 2015 as the telecom equipment maker continues to restructure.
Alcatel-Lucent logoBack in June, Alcatel-Lucent announced its Shift Plan, which aims to save 1 billion Euros in fixed costs as it retools its operations. However, at the time, it didn’t give an estimate of how many jobs would be cut. Today, the other shoe dropped.
Of the 10,000 jobs that will be cut, 2,100 will come from North America, the company says. At the end of 2012, Alcatel-Lucent employed 72,344 workers worldwide, of which 16,507 were based in North America.
The layoffs, which amount to nearly 14 percent of the company’s worldwide workforce, will largely be in sales, support and administrative areas. IT positions tied to legacy technologies, like 2G and 3G wireless technology, are also expected to feel the pain.
