Lucent to offer retirement deal to 15,000 in U.S

Article Abstract:

Lucent Technologies has been called slow in implementing all the layoffs it promised in a cost-cutting maneuver. Now that the Alcatel deal is off, Lucent will offer an early retirement package to 15,000 U.S. managers. This move might save the company $100 million per year in salaries. It is also looking for a buyer for its fiber-optic cabling unit.

Personnel administration, Mergers, acquisitions and divestments, Fiber optics industry

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Lucent readies a new round of staff cuts; layoffs could top 10,000 as part of restructuring at telecom-gear maker

Article Abstract:

Lucent Technologies Inc., with 104,000 employees currently, won't announce any specifics until late July, but the company's restructuring could mean another 10,000 people will lose their jobs. Further cuts are targeted with the sale of fiber optic assets and offerings of early retirement packages. Many of the cuts could take place at overseas locations.

Other staff changes & profiles, Planning, Telecommunications equipment, Layoffs

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Global Crossing plans layoffs, cost cuts, as loss widens because of write-downs

Article Abstract:

Global Crossing lost $3.35 billion in the third quarter, about $3.84 a share and is planning to cut 1,200 of its 9,200 employees. The company wrote down $2 billion from its investment in Exodus Communications, which is in bankruptcy proceedings. Global Crossing plans to sell its fiber optic connections to large corporations as well as cut expenses to about $1 billion (from current $5.1 billion). Chief executive John Legere is hopeful that the company will retain approval from bankers on its $7.7 billion of debt but analysts are worried.

Labor force information, Sales, profits & dividends, Computer Services, Computer Systems Design and Related Services, Wired Telecommunications Carriers, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone communications, exc. radio, Computer and Data Processing Services, Bermuda, Intnl Telephone Service, Management, Finance, Telecommunications services industry, Telecommunications industry, Computer services industry, Information technology services industry, Information technology services, Global Crossing Ltd., GBLX, Company sales and earnings, Company earnings/profit, International telephone services, Exodus Communications Inc., EXDS, Legere, John

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