Alcatel-Lucent Plans More Job Cuts
Alcatel-Lucent, which has cut its workforce by 5,000 already this year, has added another 4,000 to its planned job cuts after making a third-quarter loss amid tough market conditions that have even caught up with market leader Ericsson. It posted a loss of 258m euros (372.1m) for the quarter, down from income of 532m euros ($767.3m) on revenue that fell 11.4% to 4.35bn euros ($6.27bn). Full story »
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