Tag Archives: ontario

Nortel Strikes Deal with Long-Disability Employees

By Mark Evans | Published: February 8, 2010
One of the more troubling offshoots of Nortel’s financial demise has been the uncertain fate of about 400 employees on long-term disability. Part of the problem was that the plan was being funded by Nortel rather than an external entity. As a result, it was unclear whether these employees would continue to receive their benefits [...]
Posted in Financials | Also tagged , , | 19 Comments

Ontario to Rescue Nortel Pensioners

By Mark Evans | Published: February 7, 2010
Not sure whether this move was motivated by the fact it’s the right thing or that it’s an election year but the Ontario government said today that it will pay into the Pension Benefits Guarantee Fund so that pensioners will receive up to $1,000 per month. According to Canadian Press, Nortel’s pension plan is about [...]
Posted in Financials | Also tagged , | 16 Comments
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