WRAL

Lucent Lays Off Employees At N.C. State's Centennial Campus

Some Employees Transferred To Cary

RALEIGH, 6:16 p.m. EDT August 23, 2001 -- More than 100 Lucent employees at North Carolina State University's Centennial Campus got their walking papers Thursday morning. About a dozen other workers will be transferred to Cary.

Lucent was a key tenant at Centennial, but N.C. State officials say the future of the campus still looks good.

"We're at a lease rate or occupancy rate of 97 percent, so we're doing much better than the market. Generally, we have a waiting list of folks who want to locate to the campus," said Bob Geolas of N.C. State.

N.C. State plans to double the population at the Centennial Campus in the next five years. The university will also add 11 new buildings.

-- Anonymous, August 23, 2001