After announcing staff layoffs of 5,000 people in July, the new operating model follows as part of the company’s promise to cut €1.25 billion from its bottom line by the end of 2013.
              
According to the company’s press release, chief executive officer Ben Verwaayen commented: “In markets it makes sense to play to your strengths. Alcatel-Lucent’s leadership in core networking reflects our innovation excellence and long-standing customer relationships. The objective of the new operating structure is to strengthen Alcatel-Lucent’s presence in key telecommunications products and services through a unified business group. A streamlined executive committee will oversee the simplified business model, with a newly-appointed chief operating officer focused on executing operational improvements."

To read more: http://www.osa-opn.org