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Nortel Slashing About 350 Jobs

本文发表在 rolia.net 枫下论坛18.03.2002 11:06:41-Nortel Slashing About 350 Jobs
03/15/2002
AP Online
Copyright 2002 The Associated Press. All Rights Reserved.

LONDON (AP) - Nortel Networks Corp., the Canadian telecommunications
equipment giant, announced Friday that it is chopping up to 350 jobs
from three of its British plants.

Most of the cuts will be at the company's research center in
Maidenhead outside London, although jobs also will go at its centers in
Harlow, Essex, and New Southgate, north London, the company said.
A spokesman said the cuts followed Nortel's decision, announced last
year, to reduce its global work force from 94,500 to 48,000.

"We are hoping the majority will go through voluntary redundancy, so
minimizing the impact of any compulsory job losses," he said.

Nortel said the cuts were part of its strategy aimed at restoring
profitability after the "severe contraction ... of the telecoms
industry."

Canada's Globe and Mail newspaper, which first reported the layoffs,
said it had obtained a Nortel company memo indicating that it could cut
jobs even more deeply in the coming months.

The memo cited "a further decline in business conditions within the
UK - customers filing for Chapter 11 (bankruptcy protection in the
United States), or customers not wanting to spend money at the current
time."

In Canada, Frank Dunn, Nortel's chief executive officer, told
analysts last week that further "major restructuring" wouldn't be
necessary, although he left the door open for less dramatic reductions.更多精彩文章及讨论,请光临枫下论坛 rolia.net
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