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Nortel Lays off 3,200 without Severance
Nortel is laying off 3,200 employees, copmrising 10% of its workforce. The ailing Toronto-based telecom giant had previously filed for Chapter 11 bankrupcy protection, and so does not have to deliver severance pay to...
created by Jordan Yerman | 45 wks ago | updated 45 wks ago
415 views | 0 recommendations | 0 comments
415 views | 0 recommendations | 0 comments
List of companies that had a 'record breaking year' in 2008
By Bobbi Miller-Moro Read this if you want to feel better about the economy, or the recession as a whole for that manner. As I was buying into the recession news on all the major news outlets, my husband reminds... 2010 Olympics may well be connected by string and tin cans
What can I say? Is there a Canadian manufacturing company aside from Blackberry that is run properly? I am begining to wonder.
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Nortel a warning for Vanoc to be wary: expert 'There's reason to be nervous,' professor says By Bruce... Nortel Bankruptcy Could Hurt Olympic Sponsorship
Nortel's woes deepen as its UK arm goes into administration. The telecom's bankruptcy could also affect both the 2010 and 2012 Olympic Games, both of which count Nortel as a major sponsor. "Nortel Networks UK,...
created by Jordan Yerman | 51 wks ago | updated 50 wks ago
196 views | 3 recommendations | 2 comments
196 views | 3 recommendations | 2 comments
Nortel to cut 1,300 jobs after net loss
After posting loss in the third quarter the struggling north American telecommunications company Nortel has announced a new round of job cuts. The company plans to retrench about 1,300 positions...Nortel could cut up to 5,000 jobs next week: analysts
"Nortel could cut up to 5,000 jobs next week: analysts Last Updated: Wednesday, November 5, 2008 | 8:48 AM ET Comments55Recommend32 Reuters, special to CBC News Nortel Networks Corp could shed between 3,000 and 5,000 jobs when it details its...Toronto: Nortel Fraud Charges
OpinionBarry Artiste, Now Public ContributorScandal plagued Nortel takes another hit as their CEO Frank Dunn and two other exec's face fraud charges. Nortel for close to a decade had been accused of everything...
created by Barry Artiste | 1 year ago | updated 1 year ago
467 views | 5 recommendations | 2 comments
467 views | 5 recommendations | 2 comments
People can't leave home without their cellphones
In a recent study in North America, it was found that over one-third of workers would choose their cell phone over their wallet, keys, laptop or digital music player if they had to leave the house for 24 hours and...Rex Global Corporation Joins IBM Business PartnerWorld
San Francisco, Calif., -- Rex Global Corporation www.RexGlobal.com , a leading provider of end to end customer solutions, leveraging voice, video, data and wireless, recently announced that it has become an IBM Business Partner. As a registered member of IBM's...Nortel Slash & Burn
" Since the nineties Nortel has been cutting its workforce and shipping jobs off shore, 56,000 workers cut, and it still has not gotten it out of its fiscal spiral downwards. Why should this be any different. Nortel to slash 2900 jobs in latest cost-cutting"Here In Reality [unusual topics]
BUSH / CARLYLE / ENRON / IRAN / GOVERNMENT / CONTRAThe Phoney Debate On Net Neutrality
"It never was about Net neutrality boys and girls. It was about gaining more money, cash to be able to buy up the competition, and overcharging for broad band is the way to get that cash. In the meantime how much will Nortel go for, and will Canadians even care. Doubtful...Nokia and Siemens dance, Nortel jilted
"Poor old Nortel Networks -- or "No-tell Networks," as one wag dubbed it after the fourth or fifth time the company had to restate its earnings. It was bad enough when the company flamed out so quickly after becoming the king of the Toronto Stock Exchange (and of many...Nortel's accounting woes continue to mount
"Nortel Networks has warned that it has found even more accounting problems. The telecom company (TSX:NT) said late Thursday that more revenue from past periods will be restated and deferred to the future."Nortel to restate yet again
"Nortel Networks Corp. reported a stunning $2.21-billion (U.S.) loss in the fourth-quarter Friday and said it will restate its results yet again. Canada's No. 1 telecommunications-equipment maker said its...
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