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Lucent Considers Options Concerning Future of Optical Fiber Solutions Business

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MURRAY HILL, N.J., March 15 -- Lucent Technologies announced that it is considering a variety of options for its Atlanta-based Optical Fiber Solutions business, including an outright sale. Lucent is also considering forming a joint venture for the business unit.     The news comes on the heels of Lucent's massive restructuring plan, designed to cut expenses by as much as $2 billion. The seven-point restructuring plan, outlined in January, includes laying off 10,000 workers. Lucent's fiber business has about 6300 employees and is in the midst of a $1 billion expansion program to try to meet...Read full article

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    Published: March 2001
    industrialNews & Features

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