Company/Organisation:
Alcatel-Lucent
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of computer, electronic and optical products
26.3 - Manufacture of communication equipment
Number Employed:
76000
Employment Effects
Announcement Date:
26-07-2012
Planned Job Reductions min:
5490
Planned Job Reductions max:
5490
Type of Restructuring:
Internal restructuring
Employment Effect Start:
31-07-2012
Foreseen End Date:
31-12-2013
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:
26-07-2012Le Parisien
26-07-2012Les Echos
26-07-2012New York Times
19-10-2012Les Echos
Sources Links:
www.leparisien.fr/economie/alcatel-annonce-5000-suppressions-de-postes-montebourg-inquiet-26-07-2012-2103050.php
www.lesechos.fr/investisseurs/actualites-boursieres/reuters-00457322-alcatel-va-supprimer-5-000-postes-le-titre-plonge-347924.php
www.nytimes.com/2012/07/27/technology/27iht-alcatel27.html
www.lesechos.fr/entreprises-secteurs/tech-medias/actu/0202335127661-alcatel-lucent-fait-porter-l-essentiel-des-suppressions-d-emplois-sur-la-france-501918.php