Alcatel-Lucent to axe 10,000 jobs
The plan includes major job losses in Middle East, Africa and Europe
France-based telecoms vendor Alcatel-Lucent plans to axe 10,000 jobs globally by 2015 as part of its restructuring plans.
The job losses are to include 4,100 jobs in Europe, Middle East and Africa, including 900 jobs in France. A further 3,800 job cuts will be made in Asia, and 2,100 from its Americas operations.
By the end of 2015, Alcatel-Lucent will halve the number of its business hubs globally. The cuts are part of the company's strategy to slash EUR1bn in costs by 2015.
Alcatel-Lucent said that it plans to reposition itself as a specialist in next-generation technologies including IP networking, cloud and "ultra broadband".
Michel Combes, CEO of Alcatel-Lucent, said: "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."
Alcatel-Lucent unveiled its Shift Plan restructuring programme in June. The initiative will see the vendor focus on IP networking and superfast broadband access, including 100G cable technology.