While Nortel has targeted North America as the focus of its restructuring efforts – something made clear within its Key Executive Incentive Plan – the company is starting to prune jobs around the world.
In the U.K., 220 position are being slashed, including 87 at Nortel’s 34-acre manufacturing operations in Newtownabbey. The plant now employs about 500 people, compared with 2,000 at the peak.
According to a source, the U.K. employees did not receive a notice period or severance, and we given two hours to pack.
For more, check out this BBC story. As well, local Berkshire has a story about how 60 Nortel employees refused to leave the building yesterday after learning they had been terminated.
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