Alcatel Lucent Delivers On Shift Plan – ValueWalk Premium
alcatel fixed cost savings 0514

Alcatel Lucent Delivers On Shift Plan

Alcatel Lucent SA (NYSE:ALU) narrowed its losses in the first quarter, mostly because of the aggressive cost cutting Shift Plan being implemented by CEO Michel Combes that aimed to cut 10,000 jobs and €1 billion in costs between 2013 and 2015. Five quarters into the plan, fixed cost savings have hit €478 million with this past quarter showing the most progress.

“We began 2014 as we ended 2013 — totally focused on driving implementation of The Shift Plan,” said Combes. “This confirms the industrial logic . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
0