Archive for the ‘Nortel Networks’ Category

March 30

Nortel cuts 90 jobs in Newtownabbey, Co Antrim

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The Nortel staff at Newtownabbey, Co Antrim ware called this morning to hear the announcement that about 90 jobs will be cut in the plant.

January 21

Nortel Networks in administration – 300 jobs at risk in Galway

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Nortel Networks has placed its Irish operation in administration. Nortel has a plant in Galway with arrount 300 staff.

It follows the decision by the Canadian telecommunications equipment manufacturer to file last week for bankruptcy protection in the United States.

Nortel Networks and several of its Canadian subsidiaries also applied for creditor protection under Canada’s Companies Creditors Arrangement Act.

The Toronto-headquartered group has appointed Ernst Young as administrators to Nortel Networks UK Limited and 18 of its other European, Middle East and African (EMEA) operations.

Its plant in Galway, which employs approximately 300 people, is included in the administration order.

Alan Bloom and David Hughes of Ernst Young have been appointed as joint administrators of Nortel (Ireland) Ltd.

The administrators have sought to reassure Nortel employees that the process is “expected to have no immediate impact on the company’s day-to-day operations including employee pay and benefits”.