PARIS, France (Reuters) — France Telecom said on Monday it will cut about 14,500 positions through early retirement or reassignment to other public companies in 2004 as the former monopoly pushes ahead with its massive restructuring.
A France Telecom spokesman said the cuts were in line with forecasts made in late 2002, when the company announced a restructuring plan to repair its balance sheet after a rapid expansion spree nearly crushed it with debt.