JOB CUTS: Alcatel-Lucent chief executive Ben Verwaayen’s long-awaited turnaround of the group has been delayed by competition from low-cost Chinese rivals and a slowdown in spending by global telecom operators. - Reuters
PARIS: Telecoms equipment maker Alcatel-Lucent plans to axe 5,490 jobs worldwide as part of a cost-saving programme unveiled in July, with more than a quarter of the cuts coming in France.
Union representatives in France on Thursday pledged to fight the 1,430 job cuts in France and called on the government to intervene, creating another headache for the new socialist government as it tries to tackle unemployment which is at a 13-year high.
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