Staff at Nortel at Monkstown have walked out on strike over wages.”

Who needs staff when you have brass with vision.

Staff at Nortel at Monkstown have walked out on strike over wages.”

Who needs staff when you have brass with vision.

well said. it is the cycle of life. birth, death and then rebirth by entities which were created from the genes of generations gone by.

Someone else will always fill the vacuum. The real problem with Cisco is just their prices are too high and no CIO or service provider wants their entire infrastructure hijacked by one vendor. As we head further into this bear market there will be consolidation in 2009 and new players in telecom, “services” and applications will emerge. Economically 2009 will be much worse than 2008 as the largest credit binge in the history of time continues to unwind. Nortel may not rise from the ashes when all is said and done but they will survive in one form or another (likely as an arm of Bell Canada or some other private equity company). By the way, Cisco is about to lose its way trying to compete in spaces where they have no core competency. That's why there's been an exodus of execs from there who've been around since the 90s.

As ugly as it is, Darwinism is a beautiful thing…–bb

people with huge fat salaries are still sitting around. although laid off 3 or 4 times they stil miraculously found something in the company due to internal contacts. they make over 150K because i am talking director level. they have accepted demotion working as junior managers but still keeping benefits, salary they are entitled to.

It is indeed a fair comparison. Let’s not forget that Nortel was formed over a century before Cisco was even a napkin and look at the results: Cisco is eating everyone else’s lunch and leaving only breadcrumbs. The reason for this is simple: Vision vs. Legacy. Cisco has vision while Nortel continues to hold on to its legacy. Do you ever wonder why Cisco did not foray its way into CDMA? And if it did, Cisco’s boys are much too strategic not to have dumped that ‘no-growth’ legacy crap years ago. Nortel had its chance but it takes courage to ‘eat your young’ before the market does. No courage, no glory.

bb

i took the package and left. at least money i could get. some folks are not going to be that lucky as they will be transferred without packages. some will stick around but may get a reduced package. hear money is tight at Nortel and they are desperate.

take the plunge. if you have thought of leaving now is the time. there is life after Nortel but at least you will not have the negativity, uncertainity and hopeless environment to work in.