Euro unions and governments fight Alcatel job cuts

Alcatel-Lucent's plan to cut 16,500 jobs is getting intense industrial and political scrutiny as European unions and governments fight the cuts. Unions in France leaked news of 400 job cuts (later confirmed by the company) while in Germany there are reports of Nuremberg unions resisting proposed cuts of 270 from one of Alcatel's biggest German plants. German unions also vowed to resist a further 450 cuts mooted for the Stuttgart plant. In France the government has heavily lobbied Alcatel to minimize the cuts and has successfully persuaded Alcatel to keep a major R&D facility in France.

The cuts are part of an integration plan to cut 16,500 jobs from the joint operations of the European based Alcatel and the U.S. vendor Lucent. The job cuts come as the mega-vendor struggles to lift its share price from a five year low. The share price has fallen 60 percent over the last six months with market concerns over the complex merger and the struggling telecom sector.

For more:
- German and French unions fight job cuts

Related Articles:
- Meyer leaves Alcatel Article 


Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Suggested Articles

Thanks to the European and Asia-Pacific regions, global data center switch revenue bounced back in Q3 after two consecutive quarters of declines.

Lumen has teamed up with Itential to boost automation across multi-domain networks for service providers, enterprises and cloud providers.

The Open Networking Foundation's Aether platform, which includes 5G, edge and cloud, has taken flight with a $30 million contract funded by DARPA.