TITLE

Nortel Braces for Breakup

AUTHOR(S)
Medford, Cassimir
PUB. DATE
November 2008
SOURCE
Red Herring;11/11/2008, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the business losses posted by Canadian networking company Nortel. The company posted a $3.41 billion loss and attempted to calm shareholder concerns with a new reorganization plan that will force the company to shed 1,300 jobs and ready itself for a breakup. Effective January 2009 the company will scuttle its current matrix structure and create three vertically integrated business units.
ACCESSION #
36586142

 

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