Comments on: To Bail Out or Not to Bail Out

By: jphil25

jphil25 — Wed, 28 Jan 2009 03:45:35 +0000

Nortel has provided a wide range of products to Canada and the world.
So many canadians have had jobs with NORTEL. However, management has been corrupt to say the least.
The canadian govt has to bailout NORTEL on clear outlined conditions to keep the company going and save jobs. New management, as suggested by others, would be one of those conditions.

By: jphil25

jphil25 — Tue, 27 Jan 2009 22:45:35 +0000

By: jacqui1

jacqui1 — Tue, 27 Jan 2009 14:57:29 +0000

Its not to late, what about a Management buy out?

By: jacqui1

jacqui1 — Tue, 27 Jan 2009 14:55:41 +0000

Rememeber, Optical started in UK at the Nortel Office in Harlow, its not a question of moving jobs back to Canada, most of its revenue is outside Canada therefore its getting the right people to run the company, keeping the company global is the only way forward. For the last 6 years we have had the wrong Leaders who have just spent spent spent. Look at the cost of Six Sigma ?? was the really necessary ? no it was not.

By: jacqui1

jacqui1 — Tue, 27 Jan 2009 14:50:40 +0000

Yes, with a new Management team in place

By: scalpcutter

scalpcutter — Sun, 25 Jan 2009 19:02:59 +0000

I agree one hundred percent with a BAILOUT providing the following condtions are parf of the bailout:
A/ Get rid of BOD and Executives.
B/ Bring jobs back to Canada.
C/ Re-institute severance for workers who will be laid off in the future.
And since none of the above is going to happen you know what that means.

By: Nortel_Sucker

Nortel_Sucker — Sat, 24 Jan 2009 14:12:30 +0000

You must be joking. Moving Engineering/Support jobs is one of the reasons the Company is going down. The products are state of the art and complex. The learning curve is long. You would not see any payback on this for at least 5 years. Not to mention the cost of building and laying down the infrastructure.
Shipping alone is a massive expensive especially in China where it takes 4-5 months to receive.
Also these so called low wage earners are now demanding more pay.
An experienced engineer could solve a Customer problem in 10 minutes where the new folks take days. One Customer from North America called for support and got a voicemail in Turkish. Not Happy.
This is not to say the overseas people are at fault here, they were just thrown into something more then they were ready to handle by Judas Z.
They do not deliver the "same good job as you put it", maybe in the future but yo bad there is no future in Chapter 7.
The outsourcing of jobs was started in about 1998, so how come the Company is now in Bankruptcy protection and the stocks sewered if it is such a good move?

By: protospherical1

protospherical1 — Sat, 24 Jan 2009 06:30:19 +0000

Here are the Globe and Mail's Poll results:
85% = NO
15%= YES

http://www.theglobeandmail.com/servlet/Page/doc...

Any IP can vote multiple times on the CBC's poll as I indicated.
I should have stated it was imbalanced and left it at that than to reasoning why as I got some flack for that albeit still maintain my position this is why. (multi-voters)

Again, CBS's poll is not factual or reflective of Canadian's opinion,in poll. It is misaligned =) with prejudice. In other words, horsefeathers, The Globe's seems to be more accurate over the very short duration it ran and multiply larger.

As for bailing out a white elephant, who exports jobs, and can't get its losing numbers straight, I would say this is profoundly absurd to the point of uncontrollable laughter. However, the sobering reflection of what the EDC's did with taxpayers money exporting jobs than product, let alone the OSC which is bound to bust a stitch giving RIM and unprecedented $100M fine for coming forward and Nortel at measly $1M for costs in the largest fraud in Canada. So hey, perhaps anything goes to defy outrage and maybe it is really me that is misaligned here after all =) My opinion in that I am not can not be pried from me without proof that I am. =)

By: Another_Nortel_Watcher

Another_Nortel_Watcher — Sat, 24 Jan 2009 02:29:04 +0000

Bailouts can come with conditions, in fact they always do.

I think a bailout is unlikely, but not for the reasons you specify because those are things a government can fix.

By: exnt2

exnt2 — Sat, 24 Jan 2009 02:17:08 +0000

no bailout because:
. the company is grossly mis-managed,
. 80% of the company is outside Canada,
. huge outsourcing and NT still gets R&D credits for work outside canada
. zero competitiveness so no value on taxpayer money
. massive debt will only result in holding a junk company

I believe NT management are crooks. They do not deserve a penny.