Nortel Layoff Update

Comment by Anonymous (Guest)

Anonymous (Guest) — Thu, 15 Dec 2005 18:08:09 +0000

Folks... There'll be more to come as always.
The new CEO will focus on wireless. So, unless
you're wireless, adios!

Comment by Anonymous (Guest)

Anonymous (Guest) — Wed, 06 Jul 2005 15:52:04 +0000

Nortel is in the process of closing R&D in RTP. When the process is complete the RTP site will be a sales, marketing, and training location. A little less than a year ago an R&D effectiveness study was performed.

Based on this study, RTP became the first candidate to be closed given its cost and the work that was being performed. By early next year there will be about 100 R&D engineers left and they will be working for other Nortel facilties, namely Richardson and Ottawa. Most positions in RTP will be moved to the Beijing lab, Turkey (NETAS), Ottawa or will be eliminated.

Comment by Mitchell Craig (Guest)

Mitchell Craig (Guest) — Sun, 12 Jun 2005 22:48:13 +0000

You are absolutely correct as far as information and resources. The N&O had a business article today - both pro & con- from market analysts.

Nortel has always been the most unstable company in RTP. The most layoffs, growth, and more layoffs. These guys need to get a clue as how to manage an R&D player. The "good old boys", that are functioning alcoholics, need to resign and drink on their own time.

Mitchell

Nortel Layoff Update

Ken — Fri, 10 Jun 2005 22:34:44 +0000

It has begun.