5. Alcatel's Bold Reconstruction
It was a busy year for struggling French telecommunications equipment-maker Alcatel-Lucent, which in June revealed a bold reconstruction plan that involves selling off select assets, thousands of layoffs and doubling down on the company's IP networking efforts.
Alcatel's reconstruction, called "The Shift Plan," is being driven by new CEO Michael Combes (pictured), who joined Alcatel in April from Vodafone. The plan represents the latest in series of turnaround efforts staged by Paris-based Alcatel, as the company looks to grow its cash pile and "restore profitability."
Combes said, under The Shift Plan, Alcatel will aim to sell off 1 billion Euro, or $1.3 billion, in "select assets" by 2015, while also trimming its workforce, along with its "sales, general and administrative" expenses, to save an additional $1.3 billion.
Alcatel in October announced plans to lay off 10,000 employees globally by the end of 2015.