Alcatel-Lucent slashes 10,000 jobs worldwide

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The latest stage in Alcatel-Lucent's "Shift Plan" to transform the telecom giant's fortunes is job cuts; 10,000 are to go worldwide from its 72,000 workforce.

Five straight quarters of losses have come as the company, created from a Franco-US merger in 2006, changes focus to concentrate on networking products and high-speed broadband technology.

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http://www.euronews.net/

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