Nortel layoffs

 

Nortel Layoffs Hurt Many Workers More Than Once

We all know Nortel Networks employees have been through the wringer this year. So what about the people who have been laid off more than once in this economy, due to the recession and Nortel’s bankruptcy? Denis Levesque, profiled by the Globe and Mail this week, is one of those workers. Two years ago, he […]

Nortel Faces Wrath of Laid-Off Workers in England

Former Nortel Networks Corp. (NT) workers in Harlow, England, part of the London commuter belt, marched on Parliament Tuesday to call attention to their recent layoffs. The jilted employees say their dismissals were unfair, especially since bankrupt Nortel’s court-appointed administrator, Ernst & Young, gave very little notice of the firings and did not even pay 90 […]

Nortel Kisses Off Workers, Shareholder Meetings

Nortel Networks Corp. (NT) received permission on Tuesday to extend its bankruptcy protection deadline to May 1. The telecom equipment maker also said, through its court-appointed monitor Ernst & Young, that it wants to end shareholder meetings and is planning even more layoffs. Nortel called shareholder meetings “a distraction” as it tries to restructure. Nortel’s bankruptcy […]

Polls

As a budget line item, how are staff salaries trending in your company for 2019?

View Results

Loading ... Loading ...
The ID is: 80269