Lucent: No comment on layoffs reports

Lucent Technologies Inc has declined to comment on reports of a new round of layoffs that could see another 10,000 job losses globally as the company continues its restructuring exercise.

SINGAPORE--Lucent Technologies Inc has declined to comment on reports of a new round of layoffs that could see another 10,000 job losses globally as the company continues its restructuring exercise.

When contacted, Lucent Asia Pacific spokesperson Donough Soley said: "We do not comment on rumors and speculation. (The company is) on track with the announcements previously made and will be moving along with our voluntary (retrenchment) offer."

Soley was referring to a restructuring program, announced on January 24, that included the elimination of 10,000 jobs globally to save the company US$2 billion in annual expenses.

As at April 24, the company said about 2,000 positions had been laid off, with the remaining 8,000 scheduled to be cut by July. Those affected are mainly employees in marketing, sales and "corporate center functions".

"We will continue to access the actions and make further decisions as we move along," Soley noted.

At present, Lucent said it employs 7,400 people in Asia Pacific (excluding China), including 500 staff in Singapore.

The latest round of job cuts was first reported today by the online edition of the Wall Street Journal.

Citing people familiar with the matter, the newspaper said that the exact number of job losses is still being determined, but Lucent is expected to reveal details during its third-quarter earnings announcement late July.

The Murray Hill-based company currently employs 104,000 people worldwide, the newspaper said. On Monday, it reported that Lucent is negotiating to sell its two wireless and switching gear manufacturing plants in Oklahoma City and Columbus, Ohio to Celestica.