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Industry News Articles

Alcatel-Lucent to cut 5,000 jobs

26 July 2012

The telecommunications equipment giant has announced major restructuring as it aims to cut costs by £968million.

Alcatel-Lucent has announced it will reduce its global workforce of 78,000 by 6.4%. No details of where the job cuts would occur but Ben Verwaayen, Chief Executive, said the cuts would be global but would not include research and development staff.

Since Verwaayen has been at the helm, the company has reached its first annual profit since the merger of Alcatel SA and Lucent Technologies in 2006. But the firm‘s shares have dropped nearly 25% this year to reach their lowest point ever, while the European technology index has risen 4.1.

Verwaayen says: "This is a very difficult market to call… we think the second half will be better than the first.The market conditions are pretty tough and we don’t think the market will improve anytime soon."

Flexible Borer's FUSION Attendance Management System

If employees are asked to undertake different shifts or working patterns to the restructing of the company, then FUSION’s Time and Attendance System take this in their stride.

Our FUSION Time and Attendance systems deal with all clocking matters, from simple collection of employees' clocking data, through to job costing and extensive labour hours analysis. Many working patterns – flexi-time, night shifts and overtime are easily created with the software.

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer