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Company: Alcatel-Lucent

Geographic location

- Country:

World

- Region:

- Location of affected unit(s):

Company

- Group :

- Sector :

Manufacturing: Manufacture of computer, electronic and optical products, 26.3

- Number employed:

76000

Employment effects

- Announcement Date:

26-07-2012

- Planned job reductions:

5490

- Type of restructuring:

Internal restructuring

- Employment effect start:

31-07-2012

- Foreseen end date:

31-12-2013

- Direct dismissals:

- Other job reduction measures:

- Planned job creation:

Additional information

On 26 July 2012, French producer of telephone network equipment Alcatel-Lucent announced its intention to cut 5,000 jobs (6.6% of its workforce).

The group reported a substantial loss in the second quarter of the year and saw its sales fall by 7.1%. Alcatel-Lucent CEO Ben Verwaayen stressed the necessity of restructuring due to a decline in demand for network equipment and rising competition. The cuts will be made by the end of 2013 and will affect all sectors except for the R&D department.

Since the merger with Lucent the company has cut around 20,000 jobs.

UPDATE 19/10/2012: The group has announced 5,490 job cuts worldwide, with a large number of job cuts being implemented in France (1,430 job cuts, 15% of the whole workforce in this country). Other EU states will see 3,300 jobs go, while 900 jobs are to be cut in the Asia-Pacific region.

Sources

New York Times, 26-07-2012

Les Échos, 26-07-2012

Le parisien, 26-07-2012

Les Échos, 19-10-2012

Links

http://www.leparisien.fr/economie/alcatel-annonce-5000-suppressions-de-postes-montebourg-inquiet-26-07-2012-2103050.php

http://www.lesechos.fr/investisseurs/actualites-boursieres/reuters-00457322-alcatel-va-supprimer-5-000-postes-le-titre-plonge-347924.php

http://www.nytimes.com/2012/07/27/technology/27iht-alcatel27.html

http://www.lesechos.fr/entreprises-secteurs/tech-medias/actu/0202335127661-alcatel-lucent-fait-porter-l-essentiel-des-suppressions-d-emplois-sur-la-france-501918.php

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Page last updated: 22 October, 2012

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