Feeds

Nortel to axe 1,100 jobs

Cost-cutting

Combat fraud and increase customer satisfaction

Nortel is to axe 1,100 jobs as part of a range of measures to cut costs and increase productivity. The telecoms equipment maker didn't specify where the axe would fall except to say that the job cuts would be made "globally".

The Canadian networking giant said it plans to ditch around 1,900 positions in all. At the same time it will create some 800 positions, giving a net reduction of around 1,100. It also plans to shut a number of sites.

"The long-term plan is to consolidate more than 100 sites globally into fewer operations centres of excellence focused on delivering engineering, product and technical support, order management, purchasing and data analysis, among other functions," Nortel said in a statement today.

The total cost of the job losses and associated restructuring is thought to be in the region of $100m over the next two years.

As well as axing jobs, Nortel is also overhauling its pension plan in a bid to "control costs and align with industry-benchmarked companies". These changes are expected to save the firm around $100m, rising to more than $400m by 2012.

Today's announcement is the latest in a series of actions Nortel is taking to achieve "a targeted operating-margin expansion in excess of $1.5bn in 2008". ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Microsoft's Nadella: SQL Server 2014 means we're all about data
Adds new big data tools in quest for 'ambient intelligence'
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.