Alcatel Lucent plans to cut 5,490 jobs globally

By | October 21, 2012

Telecoms equipment maker Alcatel-Lucent is planning to cut 5,490 jobs globally as part of the Performance Program it launched in July to achieve an additional Euro 750 million cost reduction, bringing total savings to Euro 1.25 billion by the end of 2013.

The unions who have been informed of the job cuts up in arms against the move seeking government’s intervention.

In performance program the company had talked of headcount reduction of around 5,000 people, but the actual job losses are higher.The company plans to make 3,300 job cuts in the Europe, Middle East and Africa region, with 990 in Asia-Pacific and 1,200 in the Americas.

The company has workforce of 76,000 people. It however said that job cuts will not affect the 26,000 staff working on research and development worldwide.

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