Alcatel-Lucent CEO Ben Verwaayen spoke to media and analysts at a press conference today, announcing the company's strategic plan for 2009 and beyond. To read a full description of the company's plans, please read this article.
The company will undergo a strategic reduction in workforce, eliminating approximately 1,000 management positions and lowering the number of contractor headcount by approximately 5,000.
Plans call for reducing the company's break-even point by 1 Billion Euros a year in 2009 and 2010.
Company officials also spoke of a renewed focus on research and development activities, targeting four key segments (Optical, IP, broadband and Applications enablement).
