Alcatel-Lucent's job cuts plan shocks French staff - report

Oct 8, 2013 - The restructuring announced today by Franco-US telecoms equipment maker Alcatel-Lucent (EPA:ALU) has shocked its French employees, news agency AFP reported.

The group said it plans to cut 10,000 jobs by 2015 globally, of which 900 in France or about 10% of its workforce in the country. The manufacturer explained the measure with cost-cutting efforts hoped to generate savings of EUR 1 billion (USD 1.35bn).

The restructuring in France will include the closure of the sites in Rennes and Toulouse as well as the disposal of those in Eu, Ormes and Orvault by the end of 2015.

French trade unions denounced the plan as too harsh and called on the government to intervene. Furthermore, the local councils of the concerned regions said they will insist that the management of Alcatel-Lucent in France cancels the restructuring citing an earlier commitment of CEO Michel Combes.

(EUR 1.0 = USD 1.358)

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