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Lucent slashes half of its French workforce

Published on .

Paris--Lucent Technologies Inc., the embattled telecommunications company, on Thursday announced that it would lay off 550 employees at its French subsidiaries as part of the company's "Phase II" restructuring announced in late July. After announcing a first round of 19,000 layoffs in January, the company last month said it would lay off another 15,000 to 20,000 employees worldwide. The latest job cuts represent almost half of Lucent's 1,300 French employees.
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