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PARIS - Feb 1 (Reuters) - Telecoms equipment group Alcatel-Lucent ALUA.PA on Friday said it would cut 400 jobs in France to slash costs in response to tough market conditions.
The move brings to 1,868 the total number of jobs axed in France since Alcatel acquired Lucent and started operating as a merged entity in Dec. 2006.
In October, the group announced it would cut 16,500 jobs overall, or 4,000 more than planned.
Details about Alcatel's restructuring came as Swedish rival Ericsson ERICb.ST announced on Friday it would cut about 1,000 jobs in its home market and the company's chief executive told the local agency TT some 4,000 jobs would go globally.
Ericsson said it expected a flat market this year.
Alcatel-Lucent, which has issued three profit warnings in the past year, said the job cuts would not involve the closure of any plants in France.
The French-American group is expected to give details about the cost of its restructuring when it publishes full-year results on Feb. 8.
Alcatel-Lucent shares have lost more than 60 percent in the past six months on concerns about a slowdown in the United States and enduring weaknesses due to its complex transatlantic merger.
The stock, which still hovered around 10 euros in July, was down 1.91 percent at 4.11 euros by 1015 GMT. (Reporting by Astrid Wendlandt; Editing by Quentin Bryar)
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