September 20, 2002, 8:52 AM — Citing a further worsening of the market for telecommunication equipment, Alcatel SA announced 13,000 more job cuts on Friday and lowered its second-half sales forecast.
The announcement marks the second company-wide staff reduction announced by Alcatel this year. In June, the Paris company said it would shed 10,000 jobs by the end of next year. That number has now been increased to 23,000, an Alcatel spokesman said.
Sales for the second half of the year are now expected to be about 10 percent below the first half, when Alcatel reported net sales of