Alcatel-Lucent to cut 10,000 jobs


Unions pledge action after Franco-American telecommunications manufacturer says 900 of the jobs to be axed will be in France.

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Struggling telecom-gear maker Alcatel-Lucent SA plans to slash about 15% of its global workforce, as the company’s new chief executive looks to put an end to billions of euros of losses amid successive rounds of restructuring, reports The Wall Street Journal.