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Monday, October 7, 2013

Alcatel-Lucent to announce cut of 15,000 jobs



PARIS — Alcatel-Lucent SA will slash 15,000 jobs, people familiar with the matter said, the latest step in the telecommunications-equipment maker’s plan to reshape itself as a smaller company focused on a handful of core businesses.

The money-losing company plans to announce Tuesday that it will cut the jobs, largely in older technologies such as second- and third-generation wireless equipment, the people said. The company also plans to add roughly 5,000 new jobs in growth areas, such as Internet-routing, one of the people added. The announcements will be part of a morning union meeting.

In total, the cuts will involve roughly 15% of the company’s worldwide workforce, with Germany the hardest hit and France touched significantly as well, one of the people said. Another person familiar with the matter said the company could cut 900 jobs in France, with an additional 900 to be shifted elsewhere in the company or to subcontractors.

Alcatel-Lucent FR:ALU +0.38%    ALU +0.52%   had 72,344 employees as of Dec. 31, including 9,483 in France, according to a securities filing.

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