Alcatel-Lucent to Cut 1,000 Management Posts

Dec. 12, 2008
Seeks $1 billion savings

Telecom equipment giant Alcatel-Lucent said on Dec. 12 it planned to cut 1,000 management posts and reduce its sub-contractors by 5,000 in an effort to save 750 million euros (US$ 1 billion).

Alcatel-Lucent said it hoped to realize the savings by the fourth quarter next year, with production costs cut accordingly by a third, and research and development cut by two thirds.

Previous restructuring plans included 16,500 job losses worldwide by the end of 2009 after the company chalked up a series of heavy losses after its formation in 2006.

For 2009, Alcatel-Lucent said it expected the telecoms market to shrink by between 8% and 12% but that it should be be able to hold onto its market share, with operating earnings "in balance."

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!