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Job Cuts In The Works At Alcatel-Lucent

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Job Cuts In The Works At Alcatel-Lucent

Business

Job Cuts In The Works At Alcatel-Lucent

Job Cuts In The Works At Alcatel-Lucent

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  • <iframe src="https://www.npr.org/player/embed/230356307/230356290" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The French and American telecommunications manufacturer has confirmed it plans to cut 10,000 jobs worldwide. A company statement said 2,100 of those cuts will be from its operations in North and South America. Alcatel-Lucent has about 72,000 employees and has been losing money for years.

STEVE INSKEEP, HOST:

NPR business news begins with high-tech job cuts.

(SOUNDBITE OF MUSIC)

INSKEEP: The French and American telecommunications manufacturer, Alcatel-Lucent, confirmed this morning it plans to cut 10,000 jobs worldwide. A company statement said 2,100 of those cuts will be from its operations in North and South America.

Now Alcatel-Lucent has been losing money for years. About a quarter of its staff are based in the United States, where the company runs the Nobel Prize-winning Bell Labs research facility.

Today's announcement appears to be part of a restructuring aimed at shifting the company's focus toward high-speed broadband and Internet products. The cuts are planned by the end of 2015.

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