French-American telecom giant still sputtering 18 months in
(NEWSER) - Alcatel-Lucent, the troubled Franco-American telecommunications company, announced yet more job cuts yesterday as the company posted its third consecutive quarterly loss. Alcatel had already planned to downsize by 12,500 employees, but another 4,000 will lose their jobs to reduce costs. 18 months after the French takeover of Lucent, reports the Financial Times, the merger has produced not a powerhouse but a slow-moving behemoth. More»
