Rumor: ASB to Mandate Unpaid Holidays from Mid-February

C114, 2/07/13

A source inside telecom equipment maker Alcatel-Lucent revealed today that the company's Chinese subsidiary Alcatel-Lucent Shanghai Bell (ASB) would enact plans for unpaid "holidays" following the Chinese New Year holiday in mid-February. The plans, intended to reduce expenditures, could affect all of ASB's more than 10,000 employees. The plans could mandate 30 days of unpaid holiday leave over the next half-year, or two compulsory days of unpaid leave per month for the next half-year.

ASB implemented a similar unpaid leave policy in 2009 requiring two days of unpaid leave per month for a half-year.

Editor's Note: For more background on this topic, please see "ASB Forces Staff to Take Monthly Unpaid Holiday" MD 8/10/09 issue. Today Alcatel-Lucent CEO Ben Verwaayen also announced that he would step down in the wake of news that the company had posted a EUR 1.37 bln (USD 1.85 bln) loss in 2012, compared to a EUR 1.1 bln gain in 2011.

Keywords: telecom equipment wireless ASB HR

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