Nortel’s social media efforts took another step forward earlier this week with the official launch of a new blog, Nortel Greenroots.
Written by Wilson Korol, Greenroots is “devoted to all things green with respect to our company and industry”. The fact Nortel launched a “green” blog is not surprising [...] Continue Reading…
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Ah, the joys of being in bankruptcy protection.
Nortel was going to send 180 people to the CTIA conference in Las Vegas next month but now that it wants to save a few bucks, its lawyers asked a court earlier this week to cancel a hotel contract. The accommodations included [...] Continue Reading…
The Communications, Energy and Paperworkers Union of Canada took a shot today at companies “hiding behind bankruptcy legislation” so they can avoid paying employee severance. Here’s the press release:
OTTAWA — The president of one of Canada’s largest unions has some harsh words for corporations that are hiding behind bankruptcy [...] Continue Reading…
Ernst & Young published its fourth monitor’s report earlier this week. It most has to do with the company’s request that it receive court approval for its Key Executive Incentive Plan (KEIP) and the Key Employee Retention Plan (KERP). If implemented, the plans could see $45-million in bonuses paid [...] Continue Reading…
With “time an enemy” for Nortel, CEO Mike Zafirovski said he expects the company’s business reorganization to be ready by next month, and that he hopes the process will be completed by “the end of April or May”.
Mike Z. told the Financial Times that Nortel is looking to complete [...] Continue Reading…
The Canadian Workforce..for Now
Andrew Wahl has a story running into the next issue of Canadian Business magazine looking at Nortel’s Canadian workforce, which includes R&D facilities in Montreal, Calgary, Ottawa and Belleville.
In a blog post, Wahl said there are now 5639 employees in Canada (including 3844 in Ottawa) and 8,882 in the [...] Continue Reading…