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One of the more troubling offshoots of Nortel’s financial demise has been the uncertain fate of about 400 employees on long-term disability. Part of the problem was that the plan was being funded by Nortel rather than an external entity. As a result,...
Not sure whether this move was motivated by the fact it’s the right thing or that it’s an election year but the Ontario government said today that it will pay into the Pension Benefits Guarantee Fund so that pensioners will receive up to $1,000 per...
Lost amid Nortel’s bankruptcy proceedings and the dumping of all of its assets is the fact that criminal prosecution against three ex-Nortel executives – Frank Dunn, Doug Beatty and Michael Gollogly – is still happening. The trio were charged by the...
For anyone wondering how much longer Nortel could stay in bankruptcy protection, you’ll be happy to hear that it’s going to last at least another three months.
Nortel and its other Canadian subsidiaries have received an extension until April 23 from...
A month ago, I wondered whether a New Nortel could emerge from the ashes before it unveiled plans to sell the carrier business. Today, Network World’s Jim Duffy asks the same question based on the idea that Nortel could come back to life after paying...
