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February 09, 2007

Alcatel-Lucent deepens job cuts to 12,500 after quarterly loss

LONDON (MarketWatch) -- Alcatel-Lucent, the world's largest telecommunications-equipment maker, on Friday announced it will cut an additional 3,500 jobs, taking the total to 12,500, after it lurched into a fourth-quarter loss and forecast a drop in first-quarter sales.

From Alcatel-Lucent deepens job cuts to 12,500 after quarterly loss

Posted by Stephen at February 9, 2007 08:59 AM