Alcatel-Lucent to cut 5000 jobs
Paris - UPI
French telecommunications giant Alcatel-Lucent said it would cut 5,000 jobs as a cost saving measure. The firm said the loss of 5,000 employees out of 72,500 it employs worldwide is part of a restructuring plan intended to save $1.5 billion by the end of 2013, Radio France International reported Friday. The layoffs, plus job cuts announced at Air France and at pharmaceutical firm Sanofi, are a setback for the government of President Francois Hollande, which has promised to increase employment, the report said. Automaker Peugeot-Citroen recently announced it would cut 8,000 jobs. Unemployment is close to 10 percent in France, with nearly 3 million members of the workforce unemployed.
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Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
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Beirut - NNA
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Paris - Al Maghrib Today
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Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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