Friday, December 12, 2008

Alcatel-Lucent to cut 6,000 jobs

Alcatel-Lucent SA, the world’s largest maker of fixed-line networks, will cut 1 billion euros ($1.3 billion) of costs in each of the next two years, including 1,000 more managerial jobs, as Chief Executive Officer Ben Verwaayen tries to end losses.

The new measures bring job cuts to 22,500, including 5,000 contractors announced today, since Alcatel SA bought Lucent Technologies Inc.

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