InfoAnda - Alcatel-Lucent to cut 5,490 jobs worldwide |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Japan ruling party stands tough on territorial spat | | 20 November 2012
Iran building four more satellites: report | International | | 8 February 2009
China warns of grim fight against deadly bird flu | International | | 21 January 2009

Jodie Foster has no regrets in hiring Mel Gibson | | 17 March 2011

Forum Views () Forum Replies ()

Read more with google mobile : Alcatel-Lucent to cut 5,490 jobs worldwide |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fleeing Syria Escaping the violence in Syria. Slideshow Highest-paid TV actors Forbes ranks the highest-paid actors on television. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Apple loses tablet copyright appeal against Samsung 8:27am EDT Google results miss; shares dive after premature report 4:05pm EDT Kutcher tops Forbes' list of highest paid TV actors 17 Oct 2012 Obama children's school evacuated after suspicious call 1:11pm EDT Obama comes out swinging after debate | 2:29pm EDT Discussed 172 Obama gets second chance in debate rematch with Romney 138 Biden and Ryan in high-stakes election debate 90 ”I take responsibility” for Benghazi, Clinton tells CNN Sponsored Links Alcatel-Lucent to cut 5,490 jobs worldwide Tweet Share this Email Print Related News Nokia Siemens profits jump on LTE deals, cost cuts 11:37am EDT UPDATE 2-Alcatel-Lucent to cut 5,490 jobs worldwide 8:25am EDT Alcatel-Lucent to cut 5,490 jobs worldwide: union 6:51am EDT U.S. lawmakers seek to block China Huawei, ZTE U.S. inroads Mon, Oct 8 2012 Analysis & Opinion A Nobel that points us toward our quantum future Jack Dorsey’s impractical double duty Related Topics Tech » Thu Oct 18, 2012 2:22pm EDT PARIS (Reuters) - Telecoms equipment maker Alcatel-Lucent plans to axe 5,490 jobs worldwide as part of a cost-saving program 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. "We are in shock," Isabelle Guillemot, of the CFDT union, said, calling on workers to hold protests on Friday. The French company said in July that it would reduce its global headcount and find 1.25 billion euros ($1.64 billion) in savings by the end of 2013 by exiting unprofitable markets and contracts. 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. "These are difficult decisions but are necessary for the long-term health and sustainable profitability of the company," a spokesman for the group said on Thursday. Alcatel-Lucent shares closed up 8 percent, adding to a 7 percent bounce on Wednesday. Despite the two-day rally, the shares remain down about 60 percent since a peak in February, giving it a market value below 2 billion euros. Alcatel-Lucent is also the most shorted stock on the French blue-chip CAC 40 index with 16 percent of outstanding shares out on loan, according to Markit data, a sign that many investors are betting on further share price declines. The company, which employs 76,000 people worldwide, has said the job cuts will not affect the 26,000 staff working on research and development worldwide. The CFDT union said that the cuts would mainly hit support functions such as sales, marketing, finance and human resources. Overall, the company plans to make 3,300 job cuts in the Europe, Middle East and Africa region, with 990 in Asia-Pacific and 1,200 in the Americas. In France, the company will close the headquarters of its French unit now at Velizy, near Paris, and move the roughly 2,400 staff to another office in Villarceaux, 100 kilometres southwest of the capital. A spokeswoman said the move was aimed at saving money while creating the group's second-largest R&D centre worldwide. The news adds to thousands of job cuts at large French groups including car maker PSA Peugeot Citroen, drugmaker Sanofi and airline Air France in recent months. The government has tried to exert pressure on the companies to soften the blow on workers. Industry Minister Arnaud Montebourg said in a statement that the government would be "extremely vigilant" that Alcatel-Lucent preserves the most strategic parts of its business in France. He also pledged that the government would launch a "plan of action" in the coming months to help Alcatel's turnaround by encouraging investment in high-speed broadband. Alcatel-Lucent is grappling with high cash burn and lacks the scale of rivals Ericsson and Huawei. It issued a profit warning and posted a loss in the second quarter and is due to report third quarter results on November 2. Verwaayen managed to steer the group to its first annual profit last year since the ill-fated 2006 merger that formed the group, but it has been hit by client spending cutbacks this year, especially in Europe. The group said last month that it would restructure to centralize procurement, sales and marketing and reshuffle its management as part of the cost-cutting plan. ($1 = 0.7621 euros) (Additional reporting by Blaise Robinson and Leila Abboud; Writing by James Regan; Editing by Erica Billingham and Leslie Gevirtz) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson 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. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 19 October 2012
Exclusive: Libyan Islamist says he was at U.S. consulate during attack |
Judge in 9/11 case weighs whether Constitution applies at Guantanamo |
Putin's foes search for leaders in online Russia vote |
Tweeting pianist Say denies Turkish religious insult charge |
Rwanda warns against cutting aid over Congo rebels |
Central African Republic says foils another coup |
Under fire over Congo rebels, Rwanda wins Security Council seat |
Google results miss; shares dive after premature report |
Microsoft profit falls as PC sales shrink |
Chipmaker AMD announces layoffs as PC sales stumble |
Capgemini CEO says to hire new finance chief by November |
Alcatel-Lucent to cut 5,490 jobs worldwide |
Justin Timberlake, Jessica Biel to wed this week: Us Weekly |
Movie awards? Stupidest thing in world, says Joaquin Phoenix |
Tweeting pianist Say denies Turkish religious insult charge |
Author James Patterson says Tyler Perry will wow as Alex Cross |
Danish play debunks Norwegian mass murderer |
Fans, foes and all five Star Trek captains in UK meet |
Silence is golden for composer John Cage's legacy |
Peace envoy to visit Syria to work out Eid ceasefire |
Clashes erupt at Greek anti-austerity protests |
Exclusive: U.S. to invite Myanmar to joint military exercises |
North Korea says will fire on South if leaflets dropped |
Gold Fields says strike over at South African mine |
Under fire over Congo rebels, Rwanda wins Security Council seat |
Over half of crisis-hit Italians recycle food leftovers: report |
Suspected al Qaeda attack on Yemen army base kills 26 |
Blast halts Iran gas flow to Turkey, 28 troops wounded |
Diplomacy inbox fills up as U.N. awaits U.S. presidential vote |
Mobile revolution, economy trip up tech giants |
Ally Financial latest U.S. bank to face cyber attack |
Google results miss; shares dive after premature report |
Microsoft profit slips as PCs fizzle; Windows 8 awaited |
Japan's Sony to cut 2,000 jobs in restructuring |
Smart new models shine light into opaque FX world |
Dell bets on pre-packaged data center systems for corporations |
Top brass to discuss U.S. Air Force role in cyber warfare |
Rolling Stones rehearsing 70 songs for upcoming gigs |
Taylor Swift paints love Red in new album |
Bill Clinton, Springsteen rock Ohio for Obama |
Deadmau5 brings mouse power to electronic dance music |
Actor John Hawkes: A familiar face to reluctant fame |
Bomb blast in Beirut kills at least eight |
Turkey fires on Syria in retaliation incident: state TV |
Pakistani girl shot by Taliban doing well |
Exclusive: China power brokers agree preferred leadership
Bangladesh quizzes family of alleged U.S. bomb plotter |
Families of slain British soldiers win right to sue government |
Turnout light for Egypt anti-Islamist protest |
NATO chief calls for free elections in Afghanistan |
Bomb kills Bahraini policeman on patrol |
Gold Fields mine strike ends in South Africa |
Analysts cut Google price targets but see mobile ad growth |
Yahoo to exit South Korea in first Asian pullout |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01