Alcatel plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International. YahooFinance
PARIS - Finland's Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report.
The announcement is likely to have political repercussions in France, as Nokia bought the parent company of Alcatel-Lucent International five years ago on the condition it would keep jobs and expand its research and development teams in the country.The job cuts will particularly affect R&D functions, the company said.
The merger was closely scrutinized by the French government and its economy minister at the time, Emmanuel Macron, who is now president.
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