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Another Day with Proposed Job Layoffs-Courtesy of Alcatel Lucent

 (Image source: commsMea)

In a restructuring effort, Alcatel Lucent SA (ADR) (NYSE:ALU), the telecom equipment maker plans to reduce its global workforce by 10,000. The restructuring plan is called the “The Shift Plan”, which a strategy aimed at putting more emphasis on its core business; IP-networking and ultra broadband.  As part of the two year plan, the company will generate savings of $1.4 billion per year. The layoffs accounts for 14 percent of the company’s total global workforce of 72,000.