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continues to swing the ax.

The Basking Ridge, N.J., office phone system maker says it plans to cut 150 more workers in the fiscal first and second quarters, ending in April. The latest round of firings will be focused on the company's overseas operations, namely Europe, the Middle East and Africa.

Avaya says it had slashed 214 workers last month as part of an ongoing restructuring effort.

The company will report a $54 million charge in the fiscal fourth quarter ended in September. The additional job cuts will lead to another $27 million charge sometime in the next two quarters.

Avaya has been struggling to keep up with a sweeping shift in office phone technology. Companies, like consumers, have been migrating to less expensive voice-over-Internet-protocol calling systems.

Avaya's problem has been its dominance in the old PBX switchboards, which are being supplanted by IP gear made by outfits like

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( NT).

The news comes as CFO Garry McGuire took a surprising early retirement this week. The chief bookkeeper will leave at year end, though he has agreed to stay on as an adviser until March 30, when he can collect $1.65 million.

The company has enlisted CFO headhunting specialists Crist Associates to lead the search for his successor.

In July, after its third sequential quarter of disappointing earnings and narrowing margins, Avaya appointed Louis D'Ambrosio to replace CEO Don Peterson.

Avaya shares fell 17 cents to $11.79 in late morning trading Friday.