Telecom group Lucent Technologies, which employs 900 people in Dublin and Wicklow, announced today it is to cut 15,000-20,000 jobs in the coming months worldwide.
The group has already cut 19,000 jobs since the start of the year.
A spokesman for the group said it was too early to say precisely how the cuts would affect its Irish workforce.
Lucent - which has some 100,000 employees, including 25,000 outside the United States - also posted a third-quarter loss.
The New Jersey-based company said pro forma earnings fell to a loss of $1.2 billion, or 35 cents a share, compared with a profit of 23 cents a share, in the same period last year. A total earnings figure for last year's quarter was not immediately available.
Analysts had expected the company to lose 21 cents a share, with a range of a 9-cent loss to a 39-cent loss, according to Thomson Financial/First Call.
Pro forma revenues fell 21 per cent from last year to $5.82 billion.
AFP