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France’s Montebourg presses Alcatel-Lucent to reduce job cuts

10
Jan
2014

Frances industry minister pressed struggling telecoms company Alcatel-Lucent on Friday to cut fewer jobs as part of a restructuring aimed at stemming years of losses. The Franco-American group ran into opposition from President Francois Hollandes Socialist government when it said in October it would lay off 10,000 workers worldwide, including 900 in France. As unions and management negotiate layoff terms for French employees, Industry Minister Arnaud Montebourg appealed to Alcatel CEO Michel Combes to make a larger effort to preserve jobs and facilities in France.

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