Alcatel-Lucent To Cut 10,000 Workers, Calls It "Shift Plan"

Dawn Kawamoto writes "Alcatel-Lucent is planning to cut 10,000 workers by 2015. The telecom equipment maker's newly minted CEO calls this restructuring part of his Shift Plan. Under this plan, Alcatel-Lucent wants to save 1 billion Euros in costs and refocus its operations on next-gen IP networking, cloud and ultra-broadband access and away from legacy technologies like its 2G and 3G wireless. In the meantime, Wall Street thinks it may be cleaning itself up for a sale of some of its assets or its operations to Nokia, which will need to bolster its telecom equipment business after selling its smartphone operations to Microsoft. But a Nokia-Microsoft deal may be too little, too late."

'Shift Plan', because...

[jlowery]

'Shaft Plan' was a little too insensitive.