The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.3 - Manufacture of communication equipment
530 jobs Number of planned job losses
Announcement Date
19 October 2012
Employment effect (start)
19 October 2012
Foreseen end date
31 December 2013
Description
As announced on October 19, 2012, French global telecommunications equipment cooperation Alcatel-Lucent will cut 530 jobs at its German affiliate. This is part of Alcatel’s global restructuring programme, which aims to cut about 5,500 jobs worldwide in an attempt to reduce costs (see here).
Alcatel-Lucent aims to reduce its costs by € 1.25 billion until the end of 2013. The company is reported to suffer from debt-cutting measures in Europe and growing competition from Asia.
In total, Alcatel employs 3,750 people in Germany.
Sources
19 October 2012: Handelsblatt
19 October 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), Alcatel-Lucent, Internal restructuring in Germany, factsheet number 74370, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74370.
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