Sunday, April 02, 2006

The Russo Treatment: Alcatel + Lucent = More Layoffs

Thanks to Forbes Magazine we learn (as if were a good thing!) that the combined company after Alcatel's acquisition of Lucent will put axe-professional Patricia "Pat" Russo at the task of laying off people at light-speed.


"Patricia Russo, who eliminated 30,000 jobs at Lucent Technologies Inc., says she will move quickly to reduce the workforce when she takes over as head of Alcatel SA after the French company's $13.4 billion purchase of the biggest U.S. phone-equipment maker.

``We clearly intend to have speed as our bias,'' Russo said yesterday on a conference call after announcing the sale to Paris- based Alcatel, where she will become CEO. Russo aims to save $1.7 billion after three years at the enlarged phone equipment company.

Russo plans to eliminate 10 percent of the combined staff, or 8,800 jobs, after reducing the workforce by 50 percent at Murray Hill, New Jersey-based Lucent.


Will this "promising" merger, and Russo's job end up over time looking like HP's tenure under "Carly" Fiorina?

"Forbes magazine recently listed her among the 15 most powerful women in the world. As early as 1998 Fortune Magazine had listed her as one of the "50 Most Powerful Women in American Business."

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