Alcatel-Lucent Starts Steep Cost Cuts | Fox Business
Telecommunications equipment-maker Alcatel-Lucent (ALU) said Thursday
it plans to cut nearly 5,500 jobs globally, as the struggling company
begins to implement steep cost cuts intended to help it return to
profitability.
At a meeting of Europe-wide union representatives Thursday,
Alcatel-Lucent executives outlined new details of a broader
restructuring plan the company first announced in July that aims to cut
1.25 billion euros ($1.64 billion) in costs by the end of 2013.
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