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Pushback Time?
By Mark Evans | August 18, 2008
Over the past few months, it has not been easy being a Nortel employee as the company has aggressively restructured operations by slashing costs, shedding thousands of employees, and moving many jobs to lower-cost places such as Mexico, Turkey and China.
For the employees who have stuck around or managed to avoid being made redundant, you have wonder when there comes a point in time when they want to be rewarded for continuing to fight the good fight. Of course, keeping your job is reward enough but the question is whether that’s enough.
This may just be an isolated incident but 150 technicians in Monkstown, Ireland are staging a half-day strike over wage dispute. Terry Collins, a union spokesman, told the BBC that “It is time our members were paid back for all their efforts,” he said, adding the plant has slashed costs by £3m over the past 18 months.
Gven Nortel’s financial challenges and the uncertain economic environment, there may not be a lot of latitude for employees seeking more dough-ray-me but it looks like employees want a little love. The question is how you do it without having it cost you a lot more money.
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Topics: Compensation |