Oct 23rd, 2012
New operating model to transform Alcatel-Lucent
Alcatel-Lucent (France) has unveiled a new performance program with a focus on core products to help turn around the company.
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
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