Most Active Stories
- Siegelman Denied New Trial, Mental Health Budget Concerns
- Layoffs for Alabama Workers, Solar Sail Set to Launch
- Granade Issues Same-Sex Ruling, Busy Travel Weekend Expected
- Biden comments on civil rights and Selma, Bloody Sunday anniversary, Montgomery music premiere
- Historian Says Don't 'Sanitize' How Our Government Created Ghettos
Tue October 8, 2013
Job Cuts In The Works At Alcatel-Lucent
Originally published on Tue October 8, 2013 7:26 am
STEVE INSKEEP, HOST:
NPR business news begins with high-tech job cuts.
(SOUNDBITE OF MUSIC)
INSKEEP: The French and American telecommunications manufacturer, Alcatel-Lucent, confirmed this morning it plans to cut 10,000 jobs worldwide. A company statement said 2,100 of those cuts will be from its operations in North and South America.
Now Alcatel-Lucent has been losing money for years. About a quarter of its staff are based in the United States, where the company runs the Nobel Prize-winning Bell Labs research facility.
Today's announcement appears to be part of a restructuring aimed at shifting the company's focus toward high-speed broadband and Internet products. The cuts are planned by the end of 2015. Transcript provided by NPR, Copyright NPR.