Alcatel-Lucent has announced it will maintain its policy of reducing costs until 2010, a period for which it has programmed a reduction in break-even point billion euros per year. The company’s restructuring plan also includes the dismissal of 1,000 executives and 5,000 employees.
The group’s new general manager, Ben Verwaayen, said the strategy is to return Alcatel-Lucent to the company’s profitability, for which it establishes a savings plan of 750 million euros until the fourth quarter of 2009.
For 2009, Alcatel-Lucent estimates that the market for telecommunications equipment and services will suffer a negative impact of 8 to 12 percent, something that should not affect its market share, explains the company in a statement.
The manufacturer’s initial projection involves achieving operational results adjusted to breakeven in 2009.
This announcement adds more than 6 thousand redundancies to the range of 12.5 thousand jobs that the manufacturer has reduced worldwide since February last year.
In the second quarter of this year, the group announced losses of 1.1 billion euros, a trend that has marked the company’s financial path since the merger between the French company Alcatel and the American company Lucent Technologies.