Lucent Slips on Talk of More Job Cuts
Troubled network equipment maker Lucent (LU) dipped 1% after Reuters reported the company could layoff thousands more workers after it completes an already announced voluntary retirement program.
The company hasn't confirmed the report, but said it is assessing cost-cutting plans on an ongoing basis. So far 2,000 jobs have been eliminated of the 10,000 officially planned.
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