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General

Alcatel-Lucent to announce strategic plan on 19 June

Thursday 13 June 2013 | 09:07 CET | News
Alcatel Lucent will announce its strategic road map on 19 June, which will aim to reduce cash consumption and increase investment in innovation, CEO Michel Combes said at a Les Echos telecom conference in Paris. Combes, who has held the post since 1 April, said the company was in crisis, strategically, financially and operationally. When he was head of Vodafone he oversaw a GBP 2 billion cost-cutting effort, including job cuts and reduced investment in logistics and network equipment, writes Bloomberg. When he took the Alcatel job from Ben Verwaayen, he said he would sell assets and form

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
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