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General

Alcatel-Lucent to cut 5,000 more jobs after Q2 loss

Thursday 26 July 2012 | 09:52 CET | News
Alcatel-Lucent announced plans to cut 5,000 jobs worldwide and withdraw from unprofitable markets and contracts, in the face of difficult economic conditions and competitive price pressures. The new 'Performance Program' aims to double cost reductions from the existing restructuring plan to a total EUR 1.25 billion by the end of next year. The company said it plans to end or restructure certain unprofitable managed services contracts and exit unprofitable countries, while it will also start managing its patent portfolio as an independent profit centre. The announcement came alongside

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