Nortel to Cut Another 3,900 Jobs in Europe and North America
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About 1,000 of those positions will be shifted to lower-cost operations in Mexico, China and India.
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Office Depot Inc. announced plans Friday to cut roughly another 800 jobs, including positions in retail stores, its corporate headquarters and its European sales force, officials said.
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Retreating from an upbeat forecast it  made just last month, Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below  second-quarter levels and that its 2004 revenue growth rate  will lag that of the telecoms-equipment sector as a whole.
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Telecommunications maker Nortel Networks (NYSE: NT) won&#39;t have to lay off as many people as expected. The Canadian company announced Thursday that it plans to lay off 3,250 employees - about 250 less than
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NEW YORK - It certainly sounds like bad news when a company fires seven executives for financial malfeasance, lays off 3,500 employees and advises investors that it expects sluggish market growth for the year. But for Ontario-based Nortel Networks, it&#39;s ...
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Retreating from an upbeat forecast it made just last month, Nortel Networks Corp. (NT.TO: Quote, Profile, Research) on Thursday warned that third-quarter sales will fall
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CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
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TORONTO, Aug. 19 -- Nortel Networks Corp. said Thursday it will slash its workforce by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) expects to report lower 2004 third-quarter revenues compared to the second quarter, North America&#39;s largest maker of telecom equipment
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Nortel Networks Corp. NT.TO said on  Thursday its cost-cutting plan will save $500 million in 2005,  and even more in future years, as it eliminates fewer jobs than  forecast, but plans to exit real estate.
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EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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Swedish-Finnish telecommunications operator TeliaSonera said Friday it would slash 2,900 jobs to improve efficiency as it reported a 5.2 percent rise in 2007 earnings that failed to please the market.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) warned on Thursday that third-quarter sales will fall below its second quarter and that full-year 2004 revenues at
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Nortel plans to cut about 3,500 jobs, most of them affecting middle managers, in a move to save $450 million to $500 million per year.
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TTAWA, Aug. 19 - Nortel Networks, the troubled Canadian telecommunications equipment maker, has fired seven more financial managers as it continued to sort out the accounting scandal that led to the dismissal of its president this year.
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EarthLink Inc  said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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Nortel Networks Corp. will cut 250 fewer jobs than it first expected but nearly a quarter of the 3,250 employees facing pink slips over the next nine months are slated to come from Ottawa, the company revealed yesterday.