Alcatel to Cut 10,000 Jobs Worldwide by 2015: What’s Next?
The announcement was made during the company’s European works council meeting Tuesday, Reuters reports, and is part of Alcatel-Lucent’s “Shift Plan” announced in June, aimed at lowering fixed costs by more than 15 percent in two years’ time — about 1 billion euros ($1.3 billion). The expected cuts will affect 4,100 workers is Europe, the Middle East and Africa; 3,800 in Asia Pacific; and 2,100 in the Americas.
According to The New York Times, the cuts amount to an almost 14 percent reduction in the company’s self-reported 72,344 worldwide employees at the end of 2012. About 900 of those jobs are expected to come in France, where Alcatel-Lucent is already receiving pushback from the country’s CFDT union.