Earlier this month, telecommunications company Alcatel-Lucent announced it was to axe 1,430 jobs in France, representing 15% of its French workforce, and affecting every site in the country. Mediapart finance and business writer Martine Orange analyses the steady decline of a former flagship of French industry since its merger with America’s Lucent, when what was supposed to be a new, world giant has crumbled amid a series of strategic errors and the fratricidal effects of Europe’s deregulated telecommunications market.
Earlier this month, telecommunications company Alcatel-Lucent announced it was to axe 1,430 jobs in France, representing 15% of its French workforce. The lay-offs cap a steady decline since the merger of the French and American companies, highlighting a series of strategic errors and the fratricidal effects of Europe’s deregulated telecommunications market.
