Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 01 November 2007 11:12

Alcatel-Lucent slashes 4000 jobs

Written by

Image

Reports more loses


Alcatel-Lucent
is to slash another 4,000 jobs and shake up top management after reporting a third straight quarterly loss.

CEO Patricia Russo said business levels were below expectations. Annual revenue is likely to be nearly flat. The company has been suffering since Alcatel and Lucent merged. It is hoped that a slimmer management, a streamlined core carrier division and a focus on higher-margin areas will save the company.

In a press release, Alcatel-Lucent said the latest restructuring is designed to save an additional 400 million euros by 2009. The job cuts are in addition to the 12,500 announced in February and together amount to 20 percent of the 82,500 workers employed by the company.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments