Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Alcatel Lucent to slash 5,000 jobs after reporting loss (BBC)
Telecoms equipment maker Alcatel Lucent has said it plans to slash 5,000 jobs in order to save costs as it reported a net loss in the second quarter.
Cutting 6.4% of the workforce would allow the group to save 750m euros ($910m; £587m), the firm said.
The French-US group posted a loss between April and June of 254m euros against a 43m-euro profit a year ago. Revenue fell 7.1% to 3.5bn euros.
Shares in Alcatel Lucent fell 5.5% after the announcement.
***
more: http://www.bbc.co.uk/news/business-18995788
