Report: AlcaLu to cut 15k jobs, re-orient as IP networking, ultra-broadband specialist

Network World and IDG News Serviceare reporting that Alcatel-Lucent will cut 15,000 jobs by 2015 in an effort to focus on fewer core businesses. The French telecommunications equipment maker says it will transform itself into an IP networking and ultra-broadband specialist, and plans to eventually add 5,000 new staff in these targeted growth areas, according to unnamed sources.

The company reported in July that its revenue in the second quarter was $ 3.6 billion (US$4.7 billion), up 1.9 percent year-over-year. Net losses, however, reportedly grew to $885 million from $396 million in the same quarter last year. In June the company announced a new strategic plan under new CEO Michel Combes.

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As reported by Network World's John Ribeiro, called "The Shift Plan," the scheme would transform Alcatel-Lucent into an IP networking and ultra-broadband specialist, with a growing and cash generative business and a sound balance sheet by the end of 2015. The plan is based on current changes in the telecommunications sector, the company said in a regulatory filing.

Full story: Alcatel-Lucent to cut 15,000 jobs to focus on few businesses, reports say (networkworld.com)

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