Alcatel-Lucent is a name that many of you may not be familiar with, even though we have talked about the company, and the job cuts they need to make in order to set their budgets to right. For those of you who are not familiar with the company here is a look for how they choose to describe themselves, “The long-trusted partner of service providers, enterprises, strategic industries and governments around the world, Alcatel-Lucent is a leader in mobile, fixed, IP and Optics technologies, and a pioneer in applications and services. Alcatel-Lucent includes Bell Labs, one of the world’s foremost centres of research and innovation in communications technology. With operations in more than 130 countries and one of the most experienced global services organizations in the industry, Alcatel-Lucent is a local partner with global reach. The Company achieved revenues of Euro 15.3 billion in 2011 and is incorporated in France and headquartered in Paris.”
The company is getting ready to cut back on about nine percent of its workforce, or about 1,000 workers when all is said and done. While the company has not said much about the location of the job cuts to come, or which positions will be bearing the brunt of the cuts.
As mentioned earlier the company has turned to layoffs in order to set its budget to right. For those of you who missed out on our coverage of the previous round of layoffs here is an excerpt that will get you up to speed, “Well, it looks like the company is getting ready to layoff a significant number of workers. According to estimates about 5,000 people will have to be cut from the operations in order to put the company’s balance sheet to right. Since the company is international, and the idea of layoffs in France are already unpopular with the government, it is unlikely that the company will be laying off in its home nation. As the company does have a serious stake in Bell Labs, it is possible that the layoffs may come to workers in the USA. If that is the case then it is likely that the company will be making one, or more, mass layoff actions happen.”
the company has put out a statement about its most recent fiscal results. In that release the tone seemed almost optimistic about its fiscal situation, “Alcatel-Lucent (Euronext Paris and NYSE: ALU) today confirmed its second quarter 2012 results and launched The Performance Program to achieve an additional Euro 750 million cost reduction, bringing total savings to Euro 1.25 billion by the end of 2013. Commenting on the results, Ben Verwaayen, CEO Alcatel-Lucent, said: “The second quarter performance confirms our strong positions in many attractive market segments including IP, Next-Generation Optics and Broadband Access, all of which are key investment areas that support our High Leverage Network Strategy.”
The company’s most recent release was not about the job cuts, but instead the chose to talk about their newest deal and how it can benefit customers, “Denmark’s leading communications services provider, TDC, is conducting a trial of VDSL2 Vectoring technology from Alcatel-Lucent (Euronext Paris and NYSE: ALU) to evaluate the potential for delivering broadband speeds of 100 megabits-per-second and more over its existing copper access network. The project is part of TDC’s commitment to the Danish government’s support of the European Union’s Digital Agenda target of delivering speeds of 100 Mbps to 70% of Danish households by 2020.”
Alcatel-Lucent to Cut Jobs