Nortel, Computer Sciences seal $3-billion IT outsourcing deal

Article Abstract:

Nortel Networks Corp. (Brampton, Ont.), Canada's largest high-tech company, has sealed a US$3-billion information technology (IT) deal with Computer Sciences Corp. (El Segundo, CA). Although Nortel has not announced any layoffs of the 5,000 people employed in the IT department, it will transfer 2,000 employees, including 720 in Canada, to Computer Sciences. Computer Sciences will manage Nortel's computer help-line support, data centers and computer infrastructure. Through its outsourcing deals, Nortel expects to become a virtual company and save costs. Although company officials would not disclose how much the company expects to save from outsourcing its information service group to Computer Sciences, Nortel's head of manufacturing Chahram Bolouri indicated that the company expects to save up to $300-million a year from all of its outsourcing deals.

Labor force information, Computer Services, Computer Systems Design and Related Services, Computer and Data Processing Services, Computer services industry, Information technology services industry, Information technology services, Computer Sciences Corp., CSC

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Nortel inks $10-billion deal with U.S. outsourcer

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp., which is a telecommunications equipment maker, has signed a $10 billion contract with Milpitas, Calif.-based Solectron Corp. The 4-year agreement, which includes the sale of 4 Nortel plants, is part of Nortel's plan to outsource its high-cost manufacturing operations.

Asset sales & divestitures, Acquisitions & mergers, Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Mergers, acquisitions and divestments, Electronics industry, Solectron Corp., SLR

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Nortel outsources corporate services to PricewaterhouseCoopers in five-year deal

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp. and New York, NY-based PricewaterhouseCoopers L.L.P. have signed a 5-year outsourcing agreement. PricewaterhouseCoopers will manage some of the business operations of Nortel Networks, such as payroll and human resources, for $625 million.

Use of services, New orders received, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Finance, Contracts, Accounting firms, Accounting services, PricewaterhouseCoopers L.L.P. (New York, New York)

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