Alcatel-Lucent to cut 15,000 jobs worldwide

The company, which has lurched from crisis to false dawn to crisis since it was formed of a merger, also plans to close sites in the French cities of Toulouse and Rennes.
"The telecommunications-equipment maker will on Tuesday (8 October) present to the group's European works council a plan for large-scale job cuts, of 15,000," without naming sources for its report.
"At the same time the group which today employs 72,000 people in the world will create 5,000 other jobs," Les Echos added.
Alcatel-Lucent posted a loss of €885min the six months to June, compared with a loss of €396m for the same period last year.
Source: AFP via I-Net Bridge
Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Barloworld advocates for sustainability at Mining Indaba 2025 27 Jan 2025 CNN announces retrenchments and paywall 11 Jul 2024 11,000 jobs lost in 18 months at Sibanye-Stillwater 3 Jul 2024 Sibanye-Stillwater faces PGM headwinds, cuts jobs at ageing mine 19 Apr 2024 Ster-Kinekor to retrench more than 200 employees 18 Apr 2024 How to save jobs in a collapsing economy 4 Jan 2024