Alcatel-Lucent, as a part of its cost cutting drive, is planning to cull as many as 10,000 from its workforce to save around 1 billion euros by the end of 2015.
At present the telecom group has a global workforce with 72,000 employees working under it. The company is planning to axe 15,000 jobs while creating additional 5,000 new jobs, reported Les Echos and Le Figaro.
The company has plans to cut 900 job posts in France which is approximately 10 percent of its domestic workforce and intends to shut down its Rennes and Toulouse sites and sell its Eu and Ormes based plants, notes Les Echos.
Le Figaro on the other hand reported that the job cut will hit Europe, the Middle East and Africa with 4,100 post cuts, Asia with 3,800 post cuts and America with 2,100 job cuts. Alcatel-Lucent spokeswoman declined to comment anything on the matter.
The job cut plans have been initiated by Michel Combes, who took hold of the company in April and wants to reverse the losses Alcatel-Lucent made by focusing on fewer products. Last year, the company incurred losses in tune of 1.2 billion euros – its biggest loss since 2008 – because of a write-down of the company’s mobile unit.
This is not the first time that Alcatel-Lucent has opted for a job cut plan as earlier in 2012 the company announced laying off 5,000 workers with maximum job cuts in France.
