Alcatel-Lucent to slash 12500 jobs

Alcatel-Lucent will shed 12,500 jobs or 16% of staff, more than expected, as a result of its complex transatlantic merger and it sees tough times ahead with another dip in sales in the first quarter. The Paris-based group incurred a net loss of 618 million euros ($802.3 million) in the three months to December 31, including exceptionals of 755 million euros, compared with a profit of 381 million euros a year earlier.

Workers at Alcatel-Lucent have called for a strike on February 15 to protest against the job cuts which were previously expected to amount to 9,000, or 11% of staff. Details on the speed of the downsizing or breakdown were not given. "There are still 40 percent more jobs cut than announced (previously) which proves that there are some difficulties that had not been foreseen," Jean-Baptiste Triquet, a member of the CFDT union told Reuters.

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