Axe falls yet again at Nortel

Article Abstract:

Nortel announces massive job lay-offs. Company officials announced an additional 19,500 jobs will be cut, blaming the most recent $3.6 billion quarterly loss, a near meltdown in the telecommunications industry and lower than expected capital spending by customers.

Author: Tuck, Simon
Labor force information, Reports, Company Profile, Layoffs

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Nortel names second-in-command to Roth

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp. has announced the appointment of a new chief operating officer, Clarence Chandron. Industry analysts said that the new COO may be groomed as a successor to CEO John Roth.

Author: Partridge, John
Appointments, resignations and dismissals

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Subjects list: Canada, Officials and employees, Telecommunications equipment industry, Telecommunications systems, Nortel Networks Corp., NT
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