The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
70 jobs Number of planned job losses
Announcement Date
13 February 2007
Employment effect (start)
Foreseen end date
Description
Alcatel-Lucent has confirmed 70 job losses. The company currently employs 260 people in Ireland. The redundancies will be spread across the company's plants in Blanchardstown and Citywest, in Dublin, and in Cork city. The company, which provides hardware and software to the telecommunications industry, is to shed 12,500 of its 88,000 staff worldwide. It is hoping to save 1.7 billion Euro over three years as a result of the worldwide job losses. The move follows the merger of rival companies, Alcatel and Lucent, last December in a deal worth an estimated 8.5 billion Euro. A company statement said: "The forced reductions reflect duplications in positions and rationalisations in the product and solution portfolio, as well as ongoing cost efficiency efforts."
Sources
14 February 2007: The Irish Times
Citation
Eurofound (2007), Alcatel-Lucent, Merger/Acquisition in Ireland, factsheet number 65054, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65054.
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