Alcatel-Lucent CEO Michel Combes said that the ‘Shift Plan’ is fundamentally an industrial plan that also addresses the company’s operational and financial challenges.
"With The Shift Plan, which is designed to be self-funding, we are aligning realistic and deliverable ambitions with our core competencies," Combes said.
"Over the next three years we are targeting Euro 1 billion of fixed costs savings, and carefully defined and timed asset sales expected to generate at least an additional Euro 1 billion."
Under The Shift Plan, the company also plans to boost its revenues in Core Networking by more than 15%, from €6.1bn in 2012 to over €7bn in 2015, while mounting its operating margins in the segment to more than 12.5%.
Alcatel-Lucent is also anticipating that the strategic focus on cash management in wireless, fixed access and other businesses would deliver positive segment operating cash flow of over €250m in 2015.
This article is from the CBROnline archive: some formatting and images may not be present.
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