Alcatel-Lucent has achieved cost savings of EUR 259 million ($348 million) YTD and plans to cut costs by a total of EUR 250-300 million ($336-403 million) this year. Alcatel also targets EUR 1.0 billion ($1.34 billion) in fixed cost savings until 2015 and EUR 1.0 billion ($1.34 billion) in non-core asset sales. The company also announced a 10,000 headcount reduction program in order to get a grip on