(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan

French government demands Alcatel-Lucent “revise” redundancy plan

French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France.

The ailing Franco-American telecom equipment maker confirmed Tuesday that it was planning to implement another round of job cuts as part of a plan to cut costs and restore profitability.

“What I‘m asking this morning is that the plan by Alcatel‘s management be revised,” Ayrault told Europe 1 radio, calling on the company to negotiate with French workers “to save the maximum number of jobs and sites.”

“We‘re told this is the last-chance plan. Since the Alcatel-Lucent merger it‘s the sixth plan. It‘s always the last-chance plan,” he complained.

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via French government demands Alcatel-Lucent “revise” redundancy plan | EUROPE ONLINE.

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Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs.

The cuts represent 14% of its 72,000 workforce and 900 of those job losses will be made in France.

The company has reported losses in the previous five quarters and hopes to save $1.4bn through costs cuts by 2015. Shares in Alcatel-Lucent rose 2% following the news.

Chief executive Michel Combes said the decisions were “difficult”.

Alcatel-Lucent, which competes with Sweden’s Ericsson and Finland’s Nokia, announced the cuts in a statement ahead of a meeting with its European works council later today.

Mr Combes said the cuts were necessary to give the company an \”industrially sustainable future” and the company’s employees could expect an “open and transparent dialogue”.

Alcatel-Lucent’s most recent cuts are in addition to the 5,000 announced in July.

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via BBC News – Alcatel-Lucent to slash 10,000 jobs to cut costs.