Another day, another cost-cutting exercise at Nortel. This time, it wants to lease one of its research labs in Ottawa. Apparently, there has been some interest in the 180,000 sq. foot facility. According to the Ottawa Citizen, Nortel originally planned to sell or lease three of its labs at its Ottawa campus under a “real-estate consolidation program” announced last year but the company put that plan on hold, and is now looking only at leasing the one lab.
Nortel Looking to Unload R&D Lab
Another day, another cost-cutting exercise at Nortel. This time, it wants to lease one of its research labs in Ottawa. Apparently, there has been some interest in the 180,000 sq. foot facility. According to the Ottawa Citizen, Nortel originally planned to sell or lease three of its labs at its Ottawa campus under a “real-estate consolidation program” announced last year but the company put that plan on hold, and is now looking only at leasing the one lab.