Alcatel Alsthom Is Rewiring
MORE TELECOM RESTRUCTURing, this time abroad. Serge Tchuruk, the new CEO at France's Alcatel Alsthom, said on Sept. 27 that his company will lose $256 million for the first six months of 1995 and admitted that the world's largest telephone-switch maker probably won't turn a profit before 1998. Restructuring charges by then are likely to hit $3.7 billion. Add goodwill write-offs of up to $2.5 billion and the total bill will top $6 billion. "We're doing a cleanup operation," says Tchuruk, who took over last May after a series of scandals forced former CEO Pierre Suard to resign.
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