Lucent To Cut 1000 Jobs
NORTH ANDOVER, Mass., April 5 – Lucent Technologies Inc. said it expects to lay off 1000 workers statewide, double the amount of cuts previously announced. The company gave a 60-day notice to 725 union-represented workers at its Merrimack facility here, and 75 managers will be notified by the end of the month, said William Price, a spokesman for the Murray Hill, N.J.-based company.
"The manufacturing capacity at Merrimack has remained greater than demand," Price said. "We took a wait and see in January, and now we're taking the necessary action to bring the work force in line with our cost reductions."
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024