No Paycheck for You…Yet

I was remiss in failing to point out that many Nortel employees, particularly those in the U.S., weren’t paid as scheduled last week due to a “glitch”.

Nortel was all apologetic but you figure they would have covered all their bases better given how long Nortel seemed to have prepared for the bankruptcy filing.

Among the huge challenges facing Nortel as it restructures yet again are:

1. Maintaining the loyalty of employees who had been buying in CEO Mike Zafirovski’s we’re-on-the-right-path mantra over the past three years as costs were slashed and assets sold. By not paying people as expected even though Nortel is supposed to be doing business, Nortel did itself no favors with its employees. You have to wonder what the folks behind “I Believe” are thinking now.

2. Customers who have even more reasons to be re-thinking their need for Nortel equipment. You have to believe Cisco, Juniper, Ericsson, et al are aggressively pursuing Nortel’s customers.

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  • pissedoffrealbad

    Mike Z, after all the years you sucked undeserved bonuses and and outrageous salary…you have the nuts to pursue Nortel for 12 million. Wow while everyone else not sucking your you know waht got no bonus and no salary increase. I think you would sell your mom for a dollar…but chances are she knows you are a dick and would not come anywhere near you. Do yourself a favor, drop the law suit…once thing is for sure, no one will ever hire a turn coat like you. Take your money and shove it up your a$$.

  • pissedoffrealbad

    Mike Z, after all the years you sucked undeserved bonuses and and outrageous salary…you have the nuts to pursue Nortel for 12 million. Wow while everyone else not sucking your you know waht got no bonus and no salary increase. I think you would sell your mom for a dollar…but chances are she knows you are a dick and would not come anywhere near you. Do yourself a favor, drop the law suit…once thing is for sure, no one will ever hire a turn coat like you. Take your money and shove it up your a$$.

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