Jackals Fighting Over a Carcass at Nortel Trial
Tens of thousands of pensioners are going up against bondholders and other creditors for their share of $7.3 billion.
Tens of thousands of pensioners are going up against bondholders and other creditors for their share of $7.3 billion.
Nortel Networks pensioners, whose underfunded benefits will fall under government supervision at the end of this month, rallied this week in Canada to beg lawmakers to rethink the fate of their pension plan.
A former Nortel vice president is trying to collect 25,000 signatures via an online petition. Problem is, hes only been able to get 300 names in two weeks.
A Nortel pensioner, facing financial hardship, wonders if members of Canadas Parliament simply dont give a damn.”
Adding to their ongoing struggles, Nortel pensioners and disabled workers saw a proposed $57 million deal with the company go up in smoke. Late Friday, an Ontario judge threw it out. Judge Geoffrey Morawetz of Ontario Superior Court said the agreement was flawed and not fair to others who are still seeking money from the […]
Former Nortel Networks workers who feared they’d lose their company-covered benefits by March 31 will continue to get coverage through the end of the year, in a deal announced on Monday. Bankrupt Nortel negotiated the $57 million deal with groups representing the ex-employees. The agreement impacts tens of thousands of pensioners, long-term disability recipients and […]
Nortel Networks pensioners in Canada aren’t giving up on their quest for a government rescue and protection of their retirement funds. Bankrupt Nortel is giving ex-workers no guarantees that their benefits will be available – and that’s particularly hard on the company’s elderly, disabled and otherwise-vulnerable former employees. So, on Wednesday, ex-staff took matters into […]
Nortel can afford to hand out millions of dollars in bonuses while in bankruptcy, but it apparently can’t be bothered to acknowledge the milestone of an average worker’s 30-year career with the company. Executives of the insolvent telecom equipment maker recently received – who knows if they actually read – a letter from “A Proud […]
Everyones wondering how exactly Nortel got to where it stands now: bankrupt and losing its reputation, not to mention money. Find out what several Nortel observers from analysts to former employees think of the companys downfall and its future.
One week after choosing to decline an invitation from Canada’s House of Commons, Nortel CEO Mike Zafirovski made a mandatory appearance before lawmakers in Ottawa this morning. Zafirovski told them it was a difficult decision not to hand out severance packages to employees the company laid off during bankruptcy proceedings, but he stressed that he […]
.@infobldrs launches global #partnerprogram. #analytics goo.gl/fb/MXkFFo
January 23 2019 @ 23:30:50 UTC
Unable to attend #AvayaEngage 2019? Our gallery provides a recap of this event. @Avaya #cloud goo.gl/fb/m7FnWT
January 23 2019 @ 20:45:52 UTC
The Monetization Revolution: Increase Your Productivity and Bottom Line
Register for the webinar >> bit.ly/2HsUJzV
January 23 2019 @ 17:20:04 UTC
Don't wait until it is too late! Get your #CPEXPO pass by Feb. 8 to save up to $200 on your registration >>… twitter.com/i/web/status/1…
January 23 2019 @ 00:50:04 UTC
.@Avaya provides update on marketing, priorities with partners. #AvayaEngage goo.gl/fb/65cTXz
January 23 2019 @ 00:16:57 UTC
.@Carahsoft was the best distributor of 2018, according to @FireEye. goo.gl/fb/5uyzm9
January 23 2019 @ 00:06:20 UTC
.@AireSpring continues to grow its workforce. goo.gl/fb/3Qaipz
January 22 2019 @ 22:35:28 UTC
.@Twilio names new channel exec after the unexpected passing of Ron Huddleston in October. goo.gl/fb/nbVk6h
January 22 2019 @ 22:01:08 UTC
Loading ...