Minister of Relief productive, Arnaud Montebourg, must receive the President of the Board of Directors of Alcatel-Lucent, Philippe Camus, on Thursday afternoon, accompanied by the Minister responsible for SMEs, Innovation and the Economy digital Fleur Pellerin.
The center of the meeting, the project group CAC40 delete 5000 jobs worldwide, announced in late July in conjunction with the publication of its interim financial statements. Alcatel-Lucent has not stated the hour of the announcement, and if France would be affected by this measure.
I believe the chief topic of conversation on Thursday Afternoon will be the deletion of 5000 jobs, but I sincerely hope the chief purpose of Thursday's Meeting will be Monsieur Monteboug putting pressure on Monsieur Camus, the Board of Directors, Monsieur Ben, and his Cabinet to deliver a robust quarter.
I don't care what he did at B.T. If q3 turns out to be another heartbreaker, Ben should be fired. I just hope he doesn't get a Golden Parachute, not like the Board gave to Madame Russo.
It is unlikely that M. Camus and Gentle Ben can deliver a robust quarter. So, what he needs to tell M. Montebourg is that this company is being put up for sale because otherwise, it is just a matter of time until it goes BK and all French jobs are lost. So, that if the French Govt wants to save jobs, it needs to work with ALU. It needs to provide Govt. support for telecom infrastructure expansion, and in return, ALU will make it a condition of the company's sale that the buyer agree not to fire any French employees for maybe 2 years. Expanded French purchases would make that possible, and the buyer could wield an axe on the (I believe) 85% of their employees in other countries. This can be done in a way that benefits both sides while recognizing the predicament ALU is in.
According to Wikipedia, this is what Verwaayen did at BT:
There was controversy over his management style at BT with accusations that BT Global Services had to write down substantial losses and that Verwaayen was to blame.
Maybe M. Montebourg will be telling M. Camus to start cutting expenses and make some money already. After all, France owns some shares of this stock and like everyone else, they are losing money. Even France may be disgusted with the way this company loses money by now.
I hope Mr Camus tells them this is just the start and if we don't lay off more this company is going to go bankrupt and then nobody will have a job and the French government is going to loose all that tax income. What a country. Should have let the Germans keep it.