Alcatel-Lucent (ALU) posts its first net loss in five quarters, of €254M. Announces plans to cut...

|By:, SA News Editor

Alcatel-Lucent (ALU) posts its first net loss in five quarters, of €254M. Announces plans to cut 5,000 jobs, ~6% of its staff, as part of a plan to save an additional €750M; "we must embark on a more aggressive transformation." Sales -7.1% Y/Y to €3.5B; analysts point to European carriers cutting spending and competition from Asian rivals weighing on prices. Shares -7.3% in Paris. (PR)