Alcatel-Lucent announces new job losses

The Franco-American telecoms giant Alcatel- Lucent is to cut thousands more jobs as part of a restructuring plan.

The company had warned its third quarter earnings figures would show further losses.

There’s been speculation that chief executive Patricia Russo could be among the casualties.

4,000 jobs are to go, in addition to the 12,500 announced earlier this year.

The job cuts are part of a plan to cut costs by 1,7 billion euros over three years.

Alcatel-Lucent has been forced to make the cuts as sales have fallen, with US mobile phone operators not spending as much as expected on new equipment.

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