Alcatel-Lucent: The Troubles Continue

The embattled telecom equipment company announces deep job cuts, affecting even management, to restore profitability. But pitfalls still abound

Does Alcatel-Lucent finally have a road map to recovery? Posting its third consecutive quarterly loss on Oct. 31, the battered telecom equipment company unveiled a management shakeup and additional job cuts that will lead to a 20% downsizing of its 80,000-strong workforce by 2009.

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