Alcatel-Lucent Cuts 10,000 Jobs In Turnaround Plan

Wochit 0:39 mins

By Gwenaelle Barzic PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent unveiled plans on Tuesday to cut an overall 10,000 jobs worldwide by the end of 2015, hoping to save 1 billion euros ($1.36 billion) and turn the company around after years of losses. The product of a 2006 Franco-U.S. merger aimed at creating a global giant, Alcatel-Lucent told a European works council meeting it intends to axe 4,100 posts in Europe, the Middle East and Africa, 3,800 in Asia Pacific, and 2,100 in the Americas. ...

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