Free Newsletter
The aftermath of Alcatel-Lucent
Free newsletter via e-mail
Tools
Last week saw the finalization of the Alcatel-Lucent merger, and now reports are coming in about the fallout: 9,000 employees will lose their jobs and only certain product lines will continue, in order to meet the goal of €1.4 billion in annual cost savings by 2009. Analysts worry about the repercussions of the staff cuts, since the risk of distracting a salesforce during the integration period could lead to slip ups, and an opportunity for competitors to swoop in. More than half of the expected savings, however, will come from the 10 percent downsizing of the combined company's workforce.
For more on the aftermath of Alcatel-Lucent:
- see this WSJ report (sub. req.)
Comments
Posted by Anonymous | December 4, 2006 - 2:53pm
Alcatel will probably do what it did to its own workforce - get rid of everyone over 40. This time though, hopefully, their foreign managers will be smart enough not to send emails saying this to managers...
Posted by Anonymous | December 7, 2006 - 4:17pm
The above comment about folks over 40. Give me a break. The company would still be in court if that were true. Show me some truth then I'll believe it!
Be the first to comment