Telecom equipment maker Alcatel-Lucent is reportedly planning a further restructuring that could include laying off thousands more workers. The firm’s chief executive, Patricia Russo, is due to unveil details after the troubled company publishes its third quarter earnings. There has been speculation in the media that her job could be on the line.
In February, along with its third profit warning in less than a year, Alcatel Lucent announced 12,500 thousand job cuts which angered its workers, particularly in France. Estimates among analysts about the number of additional jobs that would go in a future restructuring range from 3,000 to 30,000.
Alcatel-Lucent is having to make cuts as its sales have fallen with US mobile phone operators not spending as much as expected on equipment.