Telecom
equipment maker Alcatel-Lucent does not expect deep job cuts like
those announced by rival Nokia Siemens Networks, Chief Executive Ben
Verwaayen said in an interview published on Monday in French daily Les Echos.
"There's
no way we are cutting our staff by 25 percent," he said. "We are in a
different situation because we have quickly turned towards the network
technologies of the future."
Nokia
Siemens Networks, the world's second-largest maker of mobile phone network
equipment, said in November it was axing 17,000 jobs, nearly a quarter of its
workforce, to help save about 1 billion euros ($1.3 billion) a year.
Verwaayen
also reconfirmed Alcatel-Lucent's aim to generate cash flow in 2012. He added
that the repatriation of cash from Chinese unit Alcatel Shanghai Bell "is
possible, but it's a long process."
© Reuters
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