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General

Alcatel-Lucent to cut 10,000 jobs by 2015

Tuesday 8 October 2013 | 08:52 CET | News
Alcatel-Lucent announced plans to shed 10,000 jobs by the end of 2015, as part of efforts to narrow the company's focus and return to profitability. The network equipment maker said the job cuts are part of its Shift Plan announced in July and aim to reduce fixed costs by EUR 1 billion or more than 15 percent by the end of 2015. The cost savings will come from reallocating R&D investment to next-generation technologies, which should represent 85 percent of R&D spend in 2015, as opposed to 65 percent today; reducing R&D spend in legacy technologies by 60 percent; and reducing administrative,

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