Alcatel-Lucent's Perpetual Turnaround
Alcatel-Lucent (ALU) announced on Dec. 12 that it will reorganize its divisions, shift its product strategy away from declining markets, and slash 1,000 management jobs and 5,000 contractors. The move prompted one analyst sarcastically to ask the Franco-American equipment maker's newly appointed chief financial officer, Paul Tufano, whether such restructuring—Alcatel's third in three years—is a trend that can be expected to "continue for perpetuity."
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