Comments on: Nortel’s CALA Unit Files for Chapter 11

By: Nortel watcher

Nortel watcher — Sat, 18 Jul 2009 20:39:08 +0000

nothappy,

as happens in most troubled organizations, the more talented and connected folks are able to find jobs and sometimes even at greater pay - perhaps RR was that lucky..and his job search likely began last year.

are there any american expats in the Chile, Colombia and Brasil offices that Barrios will have to find them work to do in Sunrise?

lastly, do you have an idea of how many people Nortel has in Sunrise?

By: nothappyanymore

nothappyanymore — Sat, 18 Jul 2009 18:47:42 +0000

just heard that Roberto Ricossa is leaving Nortel?
(given the company situation) there's nothing bad or strange at all…. but he introduced and participated on the GIS with Alvio just 2 days ago!.
tougher days are in front of us–
* chili, colombia and brasil entities are going to be closed
* cash healthy locations will suffer.
* and more than annoying the brainless mexico coe groups are the ones still alive.

By: Nortel watcher

Nortel watcher — Sat, 18 Jul 2009 16:39:08 +0000

nothappy,

as happens in most troubled organizations, the more talented folks are able to find jobs even at greater pay – while those that remain do so because they are not as marketable or have admitted to themselves they cannot earn the same pay elsewhere.

are there any american expats in the Chile, Colombia and Brasil offices that Barrios will have to find them work to do in Sunrise?

By: nothappyanymore

nothappyanymore — Sat, 18 Jul 2009 14:47:42 +0000

By: FraudEqualsJAIL

FraudEqualsJAIL — Fri, 17 Jul 2009 15:38:26 +0000

They can read this and weep :

pay you, on or before the first pay period following the Employment Termination Date, SEVERANCE allowances consisting of two (2) years of annual base salary plus a special

William A. Owens
November 21, 2005
Page 3
award equivalent to two (2) years of annual bonus paid at target (" SEVERANCE Pay" ), in the total lump sum amount of Five Million Four Hundred Thousand Dollars ($5,400,000).

William A. Owens
November 21, 2005
Page 4
(Special Pension Arrangements) (d) pay you, as previously authorized by the Board of Directors and disclosed by the Corporation, a pension benefit over a guaranteed period of five (5) years commencing with a payment of Seven Hundred Three Thousand Nine Hundred Thirteen Dollars ($703,913.00) to be made in June, 2006 and equal monthly payments thereafter in the amount of Ninety Nine Thousand Seventy Three Dollars ($99,073.00) through and including November, 2010;

http://www.techagreements.com

By: felixmk

felixmk — Fri, 17 Jul 2009 14:53:10 +0000

I guess the severance, unqualified pension, and benefits of laid off CAL employees now goes poof.

By: justproud

justproud — Fri, 17 Jul 2009 08:26:10 +0000

“As always, we remain focused on our customers and committed to maintaining the high level of service our customers and partners are accustomed to”
How can he write this to employees who perfectly know what is the meaning of this announcement and what will be their futur???
This make me sick…
Hung by testicles till their faces become blue: that's all MrZ and BoD deserve !
in less than 10 years they have destroyed this 100 k employee company: what a success to mention in their resume

By: zeroman

zeroman — Fri, 17 Jul 2009 03:46:18 +0000

whats spanish for SOB. after the french, could be the mexican cartel of employees.

By: broadbandbill

broadbandbill — Fri, 17 Jul 2009 03:18:15 +0000

Sacre blu! France would legalize Le Guillotine with them two. I suggest Darfur; 'lower cost geography' and all (with all due respect to the suffering Darfurians)…–bb

By: broadbandbill

broadbandbill — Fri, 17 Jul 2009 03:13:11 +0000

“to preserve and administer its assets and business in a manner consistent with Nortel’s larger restructuring efforts.”

Mike, stop drinking that Macedonian boza – makes you sound really dumb. Enough dude; don’t you know when to stop? Pls don’t answer, we already know…–bb