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Struggling Alcatel-Lucent takes axe to workforce

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Struggling Alcatel-Lucent takes axe to workforce

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Global telecoms equipment-maker Alcatel-Lucent is to slash 5500 from its worldwide payroll in the latest announced measures to cut one and a quarter billion euros of costs by the end of next year.

Three-fifths of the job losses will be in Europe, the Middle East, and Africa, with France the hardest hit, where 15% of the workforce is being stripped out.
One union has called it “a human and industrial catstrophe”.