Fergie's Tech Blog

Alcatel-Lucent Could Cut 15,000-20,000 Jobs

A Reuters newswire article, via eWeek, reports that:

Telecommunications gear maker Alcatel-Lucent could cut more than 20 percent of its world-wide staff, L'Expansion weekly said on Tuesday on its Website, citing industry sources.

This would mean 15,000 to 20,000 jobs of which 1,500 to 2,000 would be in France. The site quoted union sources as saying 500 of these would be through early retirement.

Alcatel-Lucent had earlier planned to cut 10 percent of its workforce as part of the merger, L'Expansion said.

Alcatel had no immediate comment.

posted by Fergie @ 2/06/2007 10:10:00 AM