India – Alcatel-Lucent may cut 1,000 jobs

Struggling French telecoms gear maker Alcatel-Lucent will lay off nearly 1000 employees, or 9% of its India workforce as part of a global restructuring drive to cut costs as deals dry up and demand for network equipment plunges, two senior executives aware of the matter told ET.

Bulk of the cull is likely to impact Alcatel-Lucent India’s key business support functions and its people-centric managed services vertical where nearly 7,000 employees are engaged primarily in maintaining and managing Reliance Communications’ countrywide CDMA and GSM networks and Bharti Airtel’s landline & broadband networks.

In July, the Paris-based phone equipment supplier had said it would cut 5,000 jobs across global units as part of an organisational rejig to optimise costs, becoming the second European networks vendor to announce staff reduction plans after Nokia Siemens Networks said it would axe 17,000 jobs globally to trim losses…

via Alcatel-Lucent may cut 1,000 jobs in India as deals dry up – The Economic Times.