As Nortel has gone through its bankruptcy protection process, it has has laid off hundreds of employees around the world, including the U.K.
U.K. employees are complaining that the proper procedures haven’t been followed and that employment laws have been ignored and that laws have been broken.
Here’s a television report that highlights the problem.
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58 Comments
Nortel still has money, and I see no reason for former employees to stay down after being trampled over. If you let employers to get away with everything, you only end up storing even more problems for us plebs in future. I know many in this video Have got jobs now, but I'm happy to see they won't let Nortel or E and Y get away with it. Even if they get nothing out of it now, the bad press will will atleast make other companies realize that it's not an easy road for them to take and get away with. So again, kudos to all of those who have spent time and money exposing the crooks to the masses. Make e&y pay!!! Their employees only seem to turn up in BMWs or Mercs! I'm glad they don't have any access into the Avaya building.
Good for you, you must be rich!
your name is a true reflection of your personality, you really are CUN7
O ya on paper
I used monopoly game's money
thing, I hope to see you in the MOP canteen, I agree with you, good luck with Avaya.
I could be totally wrong but personally I get the impression that Ernst & Young are stringing out the Administration process for as long as possible to maximise their own fees which must be running into millions of dollars. It's in their own selfish interests to do this and of course, this is not in the best interests of Nortel and its creditors. The insolvency laws need tightening to prevent this from happening and the courts should scrutinise more closely the actions of the companies appointed as Administrators to prevent this blatant abuse.
Oh yah! $5,000,000 Legal Service Fee in 6 months work!
The Monitor has Lawyers to defend them too just in case of screw ups!
No one on this planet earth can stop them!!! There are loopholes in the
CCAA Federal statute Acts! Yes, they really know how to apply the torque!
One wonders if it is really Nortel that is asking for EXTENTIONS in the
Bankruptcy Protection processes to restructure the company, or it is the Monitors
wishes??? But then again, seems like there will be no more restructuring.
Instead, Business Units are just being sold- off one by one!
How will we know if they are really meeting the Arrangements to compensate
their Creditors?
Sad?
Oh yah! $5,000,000 Legal Service Fee in 6 months work!
The Monitor has Lawyers to defend them too just in case of screw ups!
No one on this planet earth can stop them!!! There are loopholes in the
CCAA Federal statute Acts! Yes, they really know how to apply the torque!
One wonders if it is really Nortel that is asking for EXTENTIONS in the
Bankruptcy Protection processes to restructure the company, or it is the Monitors
wishes??? But then again, seems like there will be no more restructuring.
Instead, Business Units are just being sold- off one by one!
How will we know if they are really meeting the Arrangements to compensate
their Creditors?
Sad?