Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Telecoms firm Alcatel-Lucent to cut 10,000 jobs
Wednesday - 10/9/2013, 3:00pm EDT
PARIS (AP) -- Telecommunications equipment maker Alcatel-Lucent SA said Tuesday that it plans to cut 10,000 jobs worldwide over the next two years, the latest cost-cutting drive from the loss-making company.
The job cuts are part of a restructuring plan to make the French-American company more competitive. The plan is to reduce fixed costs by cutting 1 billion euros ($1.36 billion), or about 15 percent, by the end of 2015. Under the plan, the company will reallocate research investment to next-generation technology and cut investment in older technology.
The company has struggled since its inception in 2006, when France's Alcatel and the U.S.'s Lucent merged. The savings anticipated by combining research and development costs and reducing staff were quickly offset by pressure to lower prices amid increasing competition from the likes of China's Huawei Technologies Co. and Ericsson AB of Sweden. Last year, the company lost 1.37 billion euros ($1.86 billion), and a new chief executive took over earlier this year.
Alcatel said the job cuts would be presented to its European works council on Tuesday. The cuts will come from all of the regions in which the company operates: 4,100 positions will be cut in its Europe, Middle East and Africa region, 3,800 in the Asia-Pacific zone and 2,100 in the Americas.
In a sign that the layoffs will likely face stiff resistance, especially in Europe, elected officials from western France, the site of an Alcatel-Lucent plant, urged the company to abandon the restructuring plan. The officials said in a statement that they feared the local plant would be closed and accused the company of reneging on promises to keep it open.
Investors appeared at first glance to be backing the plan. The company's share price was trading 1.5 percent higher in morning trading in Paris.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.