per lenders report they are expecting a modest IMPROVEMENT to Q1 2013 results.
They must be planning the VAST majority of their layoffs in Q1 to do that.
I had originally thought that Q1 2013 was probably going to be worse than 2012 because margins got so bad the end of this year. But if they're weighting the bulk of the job cuts up front they could see this as well.
Report also says that 5 managed contracts will be revised this quarter..(exited or restructured).
Alcatel-Lucent may face hurdles to scale back its workforce, especially at home, where President Francois Hollande’s Socialist government has adopted a tough stance against firings at companies such as ArcelorMittal. (MT)