Nortel Networks to cut 3,200 more jobs

By News on the Net —— Bio and Archives February 26, 2009

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TORONTO (AP) — Telecom equipment company Nortel Networks Corp. plans to cut its work force by 3,200 jobs worldwide, or more than 10 percent of its global work force, in an effort to restructure its operations while under court protection.

The Canada-based telecom equipment maker said Wednesday the new round of job cuts will be made over the next several months. The reduction is on top of 1,800 job cuts already announced. Nortel filed for creditor protection Jan. 14 in Canada and the United States...more