Fri, Oct 31, 2014, 3:22 PM EDT - U.S. Markets close in 38 mins.

Recent

% | $
Quotes you view appear here for quick access.

Toll Brothers Inc. Message Board

  • sage2123 sage2123 Oct 7, 2013 6:03 PM Flag

    Alcatel-Lucent to cut 10,000 jobs

    PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent plans to reduce its staff by 10,000 as part of a cost-cutting drive to save 1 billion euros ($1.4 billion) by 2015, Les Echos and Le Figaro newspapers reported on their websites on Monday.

    The group, which employs 72,000 staff worldwide, will axe 15,000 posts but create 5,000 new jobs, the newspapers said.

    The company intends to cut 900 net posts in France, or roughly 10 percent of the domestic workforce, as well as closing sites at Rennes and Toulouse, and selling plants at Eu and Ormes, Les Echos said.

    Le Figaro said the cuts would hit all regions, with 4,100 planned in Europe, the Middle East and Africa, 3,800 in Asia, and 2,100 in the Americas.

    Sentiment: Sell

 
TOL
31.95-0.21(-0.65%)3:22 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.