French telecommunication equipment maker Alcatel-Lucent is to cut 10,000 jobs worldwide in efforts to save €1bn (£843m) by 2015.
The company, which employs 72,000 people worldwide and has been struggling to make profits since the merger in 2006, intends to cut about 4,100 jobs in Europe, Middle East and Africa (EMEA), 3,800 jobs in Asia and 2,100 in America.
The company is also likely to cut about 10% of its workforce.
Alcatel-Lucent is planning to shut its facilities in Rennes and Toulouse and sell facilities in Eu and Ormes, while the Paris Suffren site will be relocated outside Paris, according to the Les Échos newspaper.
The latest move is part of the company’s turnaround strategy revealed by the CEO, Michel Combes, in June.
Alcatel-Lucent, which competes with Ericsson, Huawei and Nokia, has not disclosed the jobs cut details officially.
The company plans to cut 15,000 jobs by the end of 2015 but will also hire 5,000 people in different growth areas.
