It plans to consolidate manufacturing into specific locations worldwide, and consolidating its sales organization and administrative functions. Products produced in any closing locations will be transferred to other branches, he said. Layoffs will come from those areas. Lucent Technologies ' second-quarter results reflected slow customer spending and its restructuring efforts. When we make a decision, we will announce it.
People can speculate and rumor all they want, but the process continues.
Lucent is still considering several alternatives, she adds. The company expects to complete its spinoff of Agere Systems Inc. on Sept. 30 and accounted for Agere's financial results as discontinued operations. Lucent further reports its results were significantly impacted by Winstar and the writedowns of certain equity investments. It also will cut 2,000 jobs from its 18,500 workforce by the end of June. Fla. Agere cites market weaknesses for the drop.