Alcatel-Lucent Posts Third-Quarter Loss
Wednesday, October 31st, 2007Posted by
Alcatel-Lucent, the French-American telecommunications equipment maker, reported a third-quarter loss of $373 million today. To help the bottom line, the company plans to layoff another 4,000 employees beyond the February announcement of 12,500 layoffs. This amounts to a 20% reduction in payroll. It is hoped this move will save the company an additional $578 million by 2009.





