French network equipment manufacturer Alcatel-Lucent has announced it is to cut its work-force by 10,000 – around 15 per cent of the total – in an effort to cut costs.
All geographic areas where Alcatel-Lucent operates will be affected, with the reduction of 4,100 positions in Europe, Middle East and Africa, 3,800 in the Asia-Pacific region, and 2,100 in the Americas. By the end of 2015, Alcatel-Lucent aims to halve the number of its business hubs globally.