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Broadcom to Cut 1,150 Jobs in Restructuring
2013-10-24 05:48:56| Electronics - Topix.net
Communications chip maker Broadcom is cutting approximately 1,150 jobs, nearly one-tenth of its workforce, as part of a global restructuring.
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Broadcom to Cut 1,150 Jobs in Restructuring
2013-10-24 04:58:03| Semiconductors - Topix.net
Communications chip maker Broadcom is cutting approximately 1,150 jobs, nearly one-tenth of its workforce, as part of a global restructuring.
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Drug company Teva to cut 5,000 jobs, save $2 billion a year
2013-10-11 04:49:01| Biotech - Topix.net
Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce, accelerating a cost-cutting plan as it prepares for lower-priced competition for its best-selling drug.
Alcatel-Lucent to cut 10,000 jobs worldwide
2013-10-08 11:50:00| Wireless - Topix.net
Alcatel-Lucent plans to reduce staff by 10,000 as chief executive Michel Combes moves forward with cost cuts to turn around the unprofitable French network-equipment maker.
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Alcatel-Lucent to cut 10,000 jobs by 2015
2013-10-08 08:52:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent announced plans to shed 10,000 jobs by the end of 2015, as part of efforts to narrow the company's focus and return to profitability. The network equipment maker said the job cuts are part of its Shift Plan announced in July and aim to reduce fixed costs by EUR 1 billion or more than 15 percent by the end of 2015. The cost savings will come from reallocating R&D investment to next-generation technologies, which should represent 85 percent of R&D spend in 2015, as opposed to 65 percent today; reducing R&D spend in legacy technologies by 60 percent; and reducing administrative, sales and support functions. The lay-offs will include 4,100 positions in Europe, the Middle East and Africa, 3,800 in Asia Pacific and 2,100 in Americas. By the end of 2015, Alcatel-Lucent will halve the number of its business hubs globally. In France the company will concentrate its service provider business at two sites: Villarceaux, south of Paris, which will become Alcatel-Lucent's primary R&D center in Europe, and Lannion, which will specialize in ultra-broadband mobile access and subscriber data management technologies. Around 900 positions in France will be eliminated in 2014 primarily in support, administrative and sales functions. Another 900 employees may also be redeployed or moved to partners in 2015.
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