Poll: Verizon Strike Who’s Right?

The union strike against Verizon is already taking its toll on union workers, non-union employees and Verizon executives. So who’s right to stick to their guns in this squabble over healthcare, pensions and more?

Verizon, AT&T Might Face Pension Problems

One analyst says the wireless market better keep producing big numbers or the carriers might have to start making unexpected cash payments” to their pension funds.

Nortel Pension Takeover in U.S. Hurts Canadian Workers

The day after thousands of Nortel Networks pensioners marched on Canada’s Parliament Hill, word broke that the U.S. Pension Benefit Guaranty Corp. has seized control of the Nortel pension plan in the United States. Now the 23,000 Nortel pensioners in the Great White North are really worried that they’ll never see the benefits they worked […]

Nortel U.S. Retirement Fund Taken Over by Pension Agency

Some stability might be coming to Nortel employees and retirees in the U.S. The Pension Benefit Guaranty Corp. is taking over the retirement fund of Nortel’s U.S. operation. That covers 23,000 people. Congress created the PBGC 35 years ago to protect employees and pensioners of bankrupt companies. Its Web site says it currently protects the […]

Nortel Snubs Canadas House of Commons

Thanks, but no thanks. Nortel Networks has decided not to answer questions about slashed pensions and executive bonuses before a House of Commons finance committee in Ottawa. CEO Mike Zafirovski was invited to appear before the committee next week as it looks at whether Nortel was OK in cutting pensions while handing out bonuses, all […]

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