Nortel Networks Corporation

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Canada, France
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
2,900 jobs
Number of planned job losses
Job loss
Announcement Date
7 February 2007
Employment effect (start)
1 June 2007
Foreseen end date
31 December 2008

Description

The Canadian telecommunications group Nortel Networks announced on 7 February 2007 the second big round of job cuts that is to take place in Canada and France. The company has decided to cut 2,900 jobs between June 2007 and December 2008. In Ottawa, around 500 of the 5,000 employees could face cuts as Nortel eliminates 12% of its 33,500 workforce through layoffs and transfers of jobs to India, China and Mexico over the next couple of years. Job cuts are explained by the slowing down of growth in equipment spending.

Sources

  • 8 February 2007: Les Echos
  • 8 February 2007: La Tribune

Citation

Eurofound (2007), Nortel Networks Corporation, Internal restructuring in World, factsheet number 64922, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64922.