Nortel Will Cut 3,250 Jobs, 250 Fewer Than Expected
641112
Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, said it will pare 3,250 jobs, 250 fewer than it had predicted last month.
418636
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
266563
TORONTO (CP) - Nortel Networks released preliminary financial results Tuesday showing the technology company lost about $250 million US in the third quarter, about half of that due to the starup costs of a major contract in India.
637368
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.
709148
Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below its second  quarter and that full-year 2004 revenues at North America's  largest telecom equipment maker will lag the overall sector.
402492
WASHINGTON (CBS.MW) -- The latest corporate overhaul by Nortel Networks will shear the company of all its manufacturing operations and leave it with 70 percent fewer workers than it had four years ago.
655101
Nortel Networks Corp. NT.TO expects  to report lower 2004 third-quarter revenues compared to the  second quarter, North America's largest maker of telecom  equipment said in a market update required by regulators on  Thursday.
375492
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
310776
TORONTO (CP) - Nortel Networks stock fell to its lowest price in more than a year Wednesday after the troubled telecommunications equipment maker again delayed its much-anticipated financial restatements, this time until mid-November.
722795
Nortel Networks Corp. (NT.TO: Quote, Profile, Research) 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.
207372
Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
736214
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.
595814
Telecoms equipment maker Nortel Networks sharply revises downwards its profits for the 2003 fiscal year.
587877
SEPTEMBER 30, 2004 (REUTERS) - Nortel Networks Corp. said today that its cost-cutting plan will save $500 million in 2005, and even more in future years, as it cuts fewer jobs than forecast but plans to eliminate some of its real estate space.
20201
Telecommunications equipment maker Nortel Networks will not lay off as many employees as it previously predicted, the company said Thursday.
188534
Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said third-quarter revenue will fall from the second quarter&#39;s $2.
253417
Nortel Networks Corp. NT.TO NT.N,  one of the world's largest telecom equipment makers, filed its  long-awaited restatement of 2003 results on Tuesday which cut  earnings, but boosted revenue.