Alcatel-Lucent on Friday announced a significant restructuring, including layoffs, as it tries to position itself for a post-recession future flavored with new technologies.
For both 2009 and 2010, the Paris-based telecommunications equipment maker aims to reduce its break-even point by 1 billion euros per year. But that's not likely to be easy--the company says it expects the market for the types of gear and services it provides to shrink by between 8 percent and 12 percent.
The cost-cutting entails layoffs, among a number of other steps. Alcatel-Lucent will be eliminating the jobs of approximately 1,000 managers and approximately … Read more