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Alcatel-Lucent to Cut 10,000 Workers - Calls it Shift Plan

Dawn Kawamoto (2913427) writes | about 9 months ago

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Dawn Kawamoto (2913427) writes "Alcatel-Lucent is planning to cut 10,000 workers by 2015. The telecom equipment maker's newly minted CEO calls this restructuring part of his Shift Plan. The employees who are getting axed, however, may think it's a typo and he should have dropped the "f" from Shift. Under this plan, Alcatel-Lucent wants to save 1 billion Euros in costs and refocus its operations on next-gen IP networking, cloud and ultra-broadband access and away from legacy technologies like its 2G and 3G wireless. In the meantime, Wall Street thinks it may be cleaning itself up for a sale of some of its assets or its operations to Nokia, which will need to bolster its telecom equipment business after selling its smartphone operations to Microsoft. But Nokia-Microsoft deal may be too little, too late."

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