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Alcatel Slashing 1,000 Management Jobs

02/12/2009

Telecom equipment maker Alcatel-Lucent (ALU) said this week it’s cutting 1,000 management jobs as it tries to curb expenses.

Of those layoffs, 450 will be in North America, according to reports.

The embattled Franco-American company also is selling its 85-acre campus in Chicago’s western suburbs.

RE Journals: Alcatel-Lucent campus for sale
Reuters: Alcatel to cut 1,000 manager jobs
TMCnet: Alcatel-Lucent Moves Ahead with Restructuring

Alcatel-Lucent Boss Writes Down Assets for $5B Loss
S&P Keeps Alcatel on CreditWatch Negative

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