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Alcatel Lucent
Jobs Cut: 6,000
Paris-based Alcatel-Lucent (ALU) announced Dec. 12 it will eliminate 1,000 full-time, white-collar jobs as part of a plan to return to profitability. The maker of telecommunications networking equipment will also shed half the 10,000 contractors it employs as part of a plan to save $991 million by the fourth quarter of 2009, the company said in a statement. The firm hasn't made a profit since the company was formed in 2006 through Alcatel's purchase of New Jersey-based Lucent Technologies for $11.4 billion. The 1,000 new staff cuts will come out of Alcatel-Lucent's total white-collar workforce of 15,000, and come on top of a previous plan to cut 16,500 jobs by the end of next year. The company employed 76,410 people at the end of 2007.
