Alcatel-Lucent to cut 6,000 jobs

Alcatel-Lucent has announced that it will cut 6,000 jobs, as the company undergoes a strategic realignment to cut costs.

The job cuts, which will comprise 1,000 managerial positions and 5,000 contractor jobs, will go as the company looks to save one billion euros over the next two years.

The reorganization will see the company focus on three key markets: service providers, enterprises, and selected verticals and four key areas of investment, including IP, Optical, mobile and fixed Broadband and Applications enablement.

The company will cut back product ranges in mature areas, such as CDMA 1x, GSM, ATM, ADSL, DLC and legacy applications, and is also looking to cut spending in WiMAX, CPE, classic core, non-IMS based fixed NGN portfolio and some legacy applications through partnerships, strategic alliances, outsourcing and so on.

Ben Verwaayen, CEO of Alcatel-Lucent commented: “We will work closely with our service provider, enterprise customers and applications providers to make this strategic transformation happen. We want to stimulate a sustainable business model for the industry that will fuel innovation and the capital investment required to expand the overall web experience to more people and businesses. Alcatel-Lucent is committed to innovate, collaborate and partner to achieve this goal.”

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM