Alcatel-Lucent plans to issue around 850 pink slips in France

www.WirelessFederation.com/news: Alcatel-Lucent has confirmed its plans to issue around 850 pink slips in France over the next two years. “Alcatel-Lucent France has presented to union representatives a plan to cut 850 jobs,” a company spokeswoman said.

According to the spokeswoman, the plan is part of the group’s global restructuring plan which aims to save EUR750 million of costs by the end of the year.

“The job reductions will happen mainly on a voluntary basis,” she added.

The company reportedly plans to outsource about 150 jobs, in addition to the 850 job cuts, source unveiled.

“More regional job-cut announcements could follow in the coming weeks and months,” the union source added.

In June, Alcatel-Lucent said it would externalize about 1,000 jobs to Hewlett-Packard Co. to help it reach its cost-saving target.