Tag Archives: ernst & young

Did Nortel Break U.K. Employment Laws?

By Mark Evans | Published: December 23, 2009

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.

Posted in Financials | Also tagged bankruptcy, employment laws, Nortel | 57 Comments

Let the Nortel Garage Sale Begin!

By Mark Evans | Published: August 15, 2009

If there was any hope Nortel might re-emerge from bankruptcy protection as a smaller, more focused telecom equipment supplier (e.g. optical), it evaporated yesterday when an Ontario court expanded the responsibilities of Ernst & Young to include the sale of corporate assets. As well, Nortel’s layer, Derrick Tay, told Ontario Superior Court Judge Geoffrey Morawetz the [...]

Posted in General | Also tagged bankruptcy, Mike Zafirovski, Nortel | 171 Comments

Where’s Ernst & Young or Nortel?

By Mark Evans | Published: August 1, 2009

Here’s an interesting e-mail sent to Nortel’s employees in Europe and the Middle East about updates and layoffs within the region. The curious part is the e-mail is signed by “EMEA Employee Communications”, as opposed to Nortel or the bankruptcy monitor/administrator, Ernst & YoungEMEA Restructuring Plans The restructuring plans that have been taking place in [...]

Posted in Financials | Also tagged Employees, Europe, Nortel | 17 Comments

Open Letter from French Workers to E&Y

By Mark Evans | Published: July 10, 2009

You have to give Nortel’s French employees a lot of credit for not taking the downsizing of the business sitting down. In addition to a strike by more than 300 workers demanding better severance and other compensation, the group has produced videos and written an lettre-ouverte-du-ce-9-july-2009-nocom-eng alleging, among other things, that cash has been transferred [...]

Posted in Financials | Also tagged france, Nortel, Strike | 57 Comments