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Lucent Offers 10,000 Voluntary Retirements

Photonics.com
Jun 2001
TRENTON, N.J., June 8 -- Lucent Technologies Inc. has offered voluntary retirement buyouts to more than 10,000 US-based employees in an effort to accelerate restructuring of the struggling telecommunications giant. The employees targeted for the offers include middle-level managers and a small percentage of nonunion clerical workers. All reportedly are either eligible or nearly eligible for a pension.

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