Feeds

Lucent to cull 9,000 staff

And warns on profit

Internet Security Threat Report 2014

Lucent is to cut some 9,000 jobs from its global workforce following its planned merger with French telecoms firm Alcatel.

However, Irish workers will have to wait to find out if they will be affected by the plans. A spokesperson for Lucent in Ireland said there was no indication of where the job cuts would hit, and there was unlikely to be until the merger had actually taken place. Lucent employs some 500 people in Ireland.

Talks on the possible merger between the two firms were confirmed in March, and the deal is due to be completed by the end of this year, with a €34bn price tag being discussed.

A previous attempt at a merger some five years ago failed to go ahead after Lucent bosses became concerned that the firm would not be given equal weight in the deal. This time around, the merger is supposed to be one of "equals", but Lucent is generally valued at less than Alcatel.

At the last count in 2005, Alcatel employed about 58,000 people worldwide and achieved sales of €3.1bn, operating in more than 130 countries.

Meanwhile, Lucent has announced that it is expecting its third quarter revenues to drop to $2.04bn, down from $2.14bn in the second quarter and $2.34bn in the year-ago quarter. The decline has been attributed to falling sales in North American mobility customers and falling revenues in China.

"During the third quarter, our North American mobility business was adversely impacted by a slowdown in spending on some of our current-generation wireless solutions," said Lucent Technologies chairman and CEO Patricia Russo. "However, we are beginning to see some of our customers move toward the next phase of mobile high-speed data."

According to Lucent's statement, the firm is expecting earnings of about $0.02 per diluted share, compared with $0.04 per share in the second quarter and $0.07 in the third quarter of 2005.

Copyright © 2006, ENN

Beginner's guide to SSL certificates

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.