Nortel Networks Corporation

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
3,250 - 3,500 jobs
Number of planned job losses
Job loss
Announcement Date
20 August 2004
Employment effect (start)
Foreseen end date
31 December 2004

Description

Nortel, the Canadian telecommunications group, has announced a restructuring plan involving the reduction of its workforce by 10%, i.e. 3,500 jobs worldwide. On 1 October 2004, Nortel announced a reduced figure of 3,250 job losses. 1,400 positions would be in the US, 950 in Canada and 650 in the rest of the World.

Sources

  • 20 August 2004: Les Echos
  • 1 October 2004: Les Echos

Citation

Eurofound (2004), Nortel Networks Corporation, Internal restructuring in World, factsheet number 60693, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60693.