PARIS, July 26 Alcatel-Lucent said it
would cut 5,000 jobs and seek to exit or restructure
unprofitable markets as part of a programme to cut costs by 1.25
billion euros ($1.52 billion) by the end of next year.
The job cuts will affect 6.4 percent of Alcatel-Lucent's
Alcatel-Lucent warned on July 17 that it would miss its 2012
profit margin target and pre-announced an adjusted operating
loss of 40 million euros on sales above 3.5 billion in the
On Thursday, it said that its second-half adjusted operating
margin would be better than in the first half. It confirmed its
old target of aiming for a "strong positive net cash position at
the end of 2012".
($1 = 0.8248 euros)
(Reporting by Leila Abboud; Editing by James Regan)