Home Economics Alcatel shares dive after PM threatens to veto job cuts

Alcatel shares dive after PM threatens to veto job cuts

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.

Alcatel shares dive after PM threatens to veto job cuts (via AFP)

Shares in telecom-equipment group Alctael-Lucent plunged by nearly 7 percent on Wednesday, as controversy built up over a restructuring plan to cut 10,000 jobs worldwide and 900 jobs in France. Prime Minister Jean-Marc Ayrault threatened to block the…

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

AFP
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.