Posts Tagged ‘Nortel Networks’

Jilted Nortel Employee Vows Revenge

When Nortel Networks filed for Chapter 11 bankruptcy protection, they left many employees who were right at the cusp of retirement with shattered dreams and unmet obligations.  One of those jilted Nortel employees was Linda Amick, who worked for the company for 24 years, according to an article in the Huffington Post.

The article said:

“It was really a great place to work,” Amick told …

Tags: Chapter 11 Title 11 United States Code Huffington Post Nortel Networks

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Nortel Networks — More Job Losses

According to an article in the Dallas Morning News, Nortel Networks Corp. announced that it is implementing an additional 3,200 job losses as it attempts to slash costs and emerge from bankruptcy profitable. The new job losses are in addition to 1,800 job losses it announced earlier this year. Nortel has been in bankruptcy since 2005 and many observers believe that the company should be forced to completely liquidate; which would cause over …

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Nortel Files Bankruptcy, Technology Sector Suffers More Job Losses

Nortel Networks has filed for bankruptcy and is expected to experience massive job losses as it "undertakes a comprehensive business and financial restructuring." As the recession wave hits the technology sector, behemoth technology firms are now next in line to face bankruptcy. First it was the real estate foreclosures, then the banks faced bankruptcy, and the automakers teetered …

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Nokia Announces Dallas Job Losses

According to an article in the Dallas Morning News, Nokia Siemens Networks announced that it will implement 100 job losses in the Dallas area.  The company employs 900 Dallas residents and 64,000 workers worldwide. The job losses are a part of Nokia’s global reorganization designed to save more than $700 million by the end of 2011.

The article said:

“The company said it expects to eliminate 7 percent to 9 percent of its total workforce, but that …

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