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Articles tagged with: Ptc and Nortel
Nortel Pensioners Seek Resumption of Benefits Payments
..ding severance pay and pension supplements. Nortel ceased the payments when it went into bankruptcy protection and is claiming that they are unsecured claims and will have to be paid out of any proceeds left when the firm emerges from bankruptc more
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Nortel Exec - Will Consdier Bids for the Company Divisions
..on to any offers to buy divisions in the company as it restructures under court approved bankruptcy protection. "We will go through the process of having those discussions," Bruce Gustafson, vice president of strategic marketing for the carrier more
Related Tags: nokia, wall-street-journal, iden, bankruptcy, nokia-siemens-networks, nortel-networks, siemens, nokia-siemens, Canada
Nortel Gets Permission to Pay $45 Million in Staff Bonuses
Nortel Networks has received authorisation from the Canadian and US Bankruptcy courts to pay bonuses of US$45 million to its staff and managers. Eight of the executives will share up to US$7.3 million between them, as part of an overall US$23 million bonus program for 92 senior managers. A further US$22 million has been earmarked for 880 key employees. more
Related Tags: eu, iden, bankruptcy, mike-zafirovski, hawaiian-telcom, lawyer, Canada
RIM Looking to Hire Thousands of New Staff in 2009
..ortel Networks is cutting some 3,200 additional jobs as it tries to exit bankruptcy protection. 'This is the easiest time to say 'I have to be very careful and wind down my investments,"' he said in a recent interview with The Canadian Pres more
Related Tags: nokia, iphone, apple, wind, bankruptcy, gartner, rim, research-in-motion, nortel-networks, Canada
Nortel Considering Break-Up of the Company
..ntly working through a restructuring may seek to break itself up rather than emerge from bankruptcy protection as a whole company. Citing people close to the issue, the Wall Street Journal said that the firm is in talks to sell it component div more
Related Tags: nokia, wall-street-journal, bankruptcy, nokia-siemens-networks, siemens, nokia-siemens, Canada
Telecom Equipment Market Expected to Suffer a Sharp Downturn in 2009
..rm to file for bankruptcy. Handset market also feeling the squeeze The economic slowdown is also likely to increase its impact on mobile phone sales. IDATE remains ‘quite optimistic' over the outlook for 2009, and states that the mobile phone m more
Related Tags: 3g, nokia, motorola, eu, cisco, ict, itu, huawei, zte, ericsson, bankruptcy, seven, idate, siemens, alcatel-lucent, nokia-siemens, chipset, alcatel
Nortel Networks Reports $2.14 Billion Loss for Q4
..a net loss of $844 million a year earlier as the firm struggles to restructure itself in bankruptcy protection. The losses includes a reduction of the deferred tax asset of US$951 million, a write-down of $1.2 billion, special charges of US$97 more
Related Tags: bankruptcy, nortel-networks, tax, Canada
Nortel Cuts A Further 3,200 Jobs - Cancels 2008 Bonuses
..ssful emergence from creditor protection." The company is currently in bankruptcy protection and seeking court approved restructuring. "We remain deeply committed to our customers and are staffed to meet their needs as we take the neces more
Related Tags: ict, bankruptcy, personal
A Slippery Slope For Contract Manufacturers
..its bankruptcy on Jan. 14. iSuppli estimates that Nortel spent more than $1.7 billion with its external manufacturing supply base during 2008. As for the ODMs, the fourth-quarter of 2008 results and market commentary from the Taiwanese manufac more
Related Tags: isuppli, ict, itu, bankruptcy, oem, asustek, notebook
Nortel Seeks to Delay its Annual Shareholders Meeting
A court filing by Ernst & Young, who are overseeing Nortel Networks' bankruptcy protection has revealed that the company is working on a restructuring plan and is seeking to cancel its annual shareholders meeting - as a "distraction". more
Related Tags: bankruptcy, Canada