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Telecoms
Alcatel-Lucent – 5,490 jobs cut
French telecom equipment maker Alcatel-Lucent (ALUA.PA) plans to axe 5,490 jobs worldwide as part of a cost-cutting plan announced in July, with 3,300 in Europe and 1,490 in France, a French union said on Thursday. “We are in shock,” said Isabelle Guillemot, of the CFDT union. Alcatel had said in July that it planned global … Continue reading
TeliaSonera – To cut thousands of jobs
Telecoms group TeliaSonera AB is shedding thousands of jobs as part of a cost-cutting plan and has warned of industry stagnation until companies find a way to profit from surging smartphone and tablet data traffic. TeliaSonera, part-owned by the Swedish and Finnish states, has seen revenue flatline since 2008, despite rapid expansion in central Asia, … Continue reading
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