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Scraping by

8 February 2007 By Robert Cyran

The newly merged telecom equipment maker is reportedly ready to axe up to 12,000 of its workers a third more than initially promised. Such drastic action might be needed. It is questionable whether the group s feeble balance sheet can take the strain unaided. The newly merged telecom equipment maker is ready to axe 12,500 of its workers about 40% more than initially promised. Such drastic action might be required. But it is questionable whether the group s feeble balance sheet can take the strain unaided.

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