Nortel files for Chapter 11 bankruptcy protection

Full story: ComputerWorld 10
January 14, 2009 Financially struggling Nortel Networks Corp. today filed for Chapter 11 bankruptcy protection in the U.S. and said it also is seeking protection from creditors in Canada and Europe. Full Story
white collar crime

Toronto, Canada

#1 Jan 14, 2009
... the U.S. and said it also is seeking protection from creditors in Canada and Europe.

As part of its announcement , Brampton, Ontario-based Nortel said it gave "full consideration to the alternatives" to bankruptcy.

But given the ongoing economic ...
Comment?

Related Topix: Nortel Network, Telecom, Nortel Inversora S A, Canada, Ontario, Marketing
Don Hunt

Dallas, TX

#2 Jan 15, 2009
I am a Nortel engineer from the Dallas location, I had about $108,000 in the 401K all in Nortel stock. We have had tranfers frozen and I cannot find any information on how this affects the stock value after we emerge from bankruptcy. The website simply repeats that Nortel cannot provide any information on this, consult your own advisor. Well my company WAS the advisor in all this...I am very scarred, I am 51 and this is my whole nest egg.
dHat Pawlo Shykora

Calgary, Canada

#3 Jan 16, 2009
TIS SAD....GOD Bless...''changes'',tooooo boooot...Onward.....eh.
holdon

Arlington, TX

#4 Jan 21, 2009
If the employees are denied layoff packages then the executive who actually are responsible for this mess should not get a penny in their golden parachutes
different equations

Toronto, Canada

#5 Jan 22, 2009

“Continually Updated from Net”

Since: Jan 07

A PBS place in an MTV world

#6 Jan 31, 2009
Getting the Business

Ex-Nortel workers seek answers on pensions

by Chris Sorensen Jan 31, 2009 (4)

More than 500 concerned pensioners of Nortel Networks Corp., now operating under bankruptcy protection, packed a meeting room at a Mississauga...

http://www.thestar.com/business/article/58014...
Wanda

Mississauga, Canada

#7 Jan 13, 2013
loti

Brampton, Canada

#8 Jan 17, 2013
Wanda the witch .hahahahahahah
IGate

Toronto, Canada

#9 Apr 9, 2013

Since: May 13

Ahmedabad, India

#10 Jun 12, 2013
This kind of files are necessary and need to be updated every time the transfer is done. One way it is a very good feature.

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