Alcatel confirms big job cuts
Thursday, 18 October 2012
PARIS: Telecoms equipment maker Alcatel-Lucent has informed unions that it plans to cut a total of 5,490 jobs worldwide as part of a cost-cutting drive unveiled in response to sliding profits.
The job losses, from a total workforce of 78,000, are designed to help Alcatel trim 1.25 billion euros from its annual costs by the end of 2013.
The rationalisation was announced in July after the company revealed a second quarter loss of 254 million euros ($309 million).
The job losses confirmed Thursday are slightly higher than the total of 5,000 the company indicated in July. French union officials said 3,300 jobs would go in Europe, including 1,430 in France where Alcatel has 9,000 people on the payroll. (AFP)