(Adds CEO quotes, previous job cut and cost cut targets)

PARIS, Feb 9 (Reuters) - Alcatel-Lucent (ALU.PA: Quote, Profile,

 
Go to a Section:
Top Business News
Banking & Financial
Consumer Products
Health
Tech, Media & Telecom
Small Business
1:21PM EST, Sun 11 Feb 2007
You are here: Home > Business > Technology, Media & Telecom > Article

Alcatel-Lucent to slash 12,500 jobs, posts Q4 loss

Fri Feb 9, 2007 2:20AM EST

Company News

Market View

ALU.PA
Last:
Change:
Revenue (ttm):
EPS:
Market Cap:
Time:
 
Email This Article | Print This Article | Reprints
[-] Text [+]

(Adds CEO quotes, previous job cut and cost cut targets)

PARIS, Feb 9 (Reuters) - Alcatel-Lucent (ALU.PA: Quote, Profile, Research) on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.

However, the world's second-largest supplier of telecoms network and mobile equipment said it expected full-year revenues to grow at least in line with the telecoms carrier market at 5 percent. The company declined to comment on how much it expects first-quarter revenues to fall.

Alcatel-Lucent, which issued a profit warning last month, made a net loss of 618 million euros ($802.3 million) in the three months to Dec. 31 compared with a profit of 381 million euros a year earlier.

Workers at Alcatel-Lucent have called for a strike on Feb. 15 to protest against the job cuts.

Alcatel-Lucent said it now expected pretax savings to total 1.7 billion euros over three years. The company had previously said it expected job losses of 9,000 and had pencilled in cost-savings of 1.4 billion euros.

The U.S. and French companies started operating as a merged entity on Dec.1.   Continued...

 

© Reuters 2007. All rights reserved.

Reuters Pictures

Editors Choice: Best pictures
from the last 24 hours.
View Slideshow

Most Viewed Articles

Insights

Wireless industry to focus on growth at trade show Fri Feb 09, 2007 01:56PM EST

AMSTERDAM (Reuters) - Riding the wave of demand for mobile communications in developing countries and finding new ways to make money from maturing markets will be preoccupations at the world's top wireless trade show, 3GSM, in Barcelona.  Full Article 

1. AAPL
2. GOOG
3. MSFT
4. GE
5. SIRI
  6. CSCO
  7. DELL
  8. INTC
  9. SI.N
10. MOT

Reuters.com:  Help  |  Contact Us  |  Advertise With Us  |  Mobile  |  Newsletters  |  RSS  |  Widgets  |  Interactive TV  |  Labs  |  Site Index

Reuters Corporate:  Copyright  |  Disclaimer  |  Privacy  |  Products & Services  |  Professional Products Support  |  About Reuters  |  Careers

 

International Editions: Arabic  |  Argentina  |  Brazil  |  Canada  |  Chinese Simplified  |  Chinese Traditional  |  France  |  Germany  |  India  |  Italy  |  Japan  |  Latin America  |  Mexico  |  Russia  |  South Africa  |  Spain  |  United Kingdom  |  United States

 

Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests.