2 posts and columns on NT

Nortel Hell

in News on March 12, 2009 at 12:00 pm PT

Its hopes of rebuilding under bankruptcy protection effectively dashed by the ongoing financial crisis, Nortel is considering selling off its two biggest business units to rivals. Reportedly on the block: the company’s wireless-gear and office telecom equipment units.

Nortel Announces Layoff Surplus

in News on February 25, 2009 at 10:17 am PT

More brutal news from Nortel today. The troubled telecommunications gear maker plans to sack an additional 3,200 workers world-wide over the coming months. Taken together with the company’s previously announced 1,800 layoffs, total job reductions will top out at 5,000.