The French telecommunication equipment maker Alcatel-Lucent is planning to cut 10,000 jobs worldwide, as part of its strategy to save €1bn ($1.4bn) by 2015.
The company, which employs 72,000 people worldwide and has been struggling to make profits since the merger in 2006, intends to cut about 4,100 jobs in Europe, Middle East and Africa (EMEA), 3,800 jobs in Asia, and 2,100 in America.
In its home market France, the company is likely to cut about 900 jobs, or 10 per cent of its workforce.
Moreover, the company sites at Rennes and Toulouse in France will close, facilities in Eu and Ormes will be sold, and the Paris Suffren site should be relocated outside Paris, according to Les Échos newspaper.
The latest move is part of the company’s turnround strategy revealed by the company’s CEO Michel Combes in June.
Alcatel-Lucent, which competes with Ericsson, Huawei and Nokia, however has not disclosed the jobs cut details officially.
Last year, the company announced to eliminate 5,000 jobs. Overall, the company plans to cut 15,000 jobs by the end of 2015.
In addition, the company will also hire 5,000 people in growth areas.
Earlier this month, the company said it will advance industry adoption of network functions virtualization (NFV) by creating the external linkCloudBand Ecosystem Program. Last month, it said to support China Mobile in launching the world’s largest 4G ultra-broadband mobile network.