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.”For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.