Alcatel cuts thousands more jobs
Published: 20 Sep 2002 11:45 BST
Alcatel has added to the general gloom surrounding the telecoms sector by announcing a further 10,000 job cuts over the coming year.
The French telecoms equipment maker said it would reduce its "headcount to around 60,000 employees by the end of 2003."
It had said just two months ago that it would cut its workforce to 70,000 by the end of next year.
At the end of December 2001, the company employed 99,000 people. The latest round of cuts means that a toal of 39,000 people will have lost their jobs there by the end of 2003.
It has also issued a profit warning, saying that it expects revenue in the second half of the year to be 15 per cent down on the first half.
Have your say instantly, and see what others have said. Go to the Finance forum.
Let the editors know what you think in the Mailroom.
Did you find this article useful?
22 out of 81 people found this useful
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
