It seems some recent deals are leading companies to offer buyouts of a different kind, the new code for layoffs.
The recently combined Alcatel-Lucent is the latest company to issue layoffs as a result of a merger. When the Franco-American telecom equipment maker announced fourth-quarter earnings this morning, posting a €618 million ($802.84 million) loss, it also announced plans to cut 12,500 workers.
Another trans-Atlantic giant, DaimlerChrysler AG, is cutting staff following Friday’s announced sale of its 7.5% stake in aerospace and defense giant EADS to a private investment group for approximately €1.5 billion ($1.95 billion) in cash. However, the layoffs are not directly associated with the sale because the 1,000 white-collar salaried workers are primarily in Michigan, home of the company’s U.S. auto unit.—Matthew Wurtzel
See Alcatel-Lucent story from Forbes
See DaimlerChrysler sale story from Reuters
See DaimlerChrysler layoff story from Detroit News
Continue reading below
