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To: TobagoJack who wrote (1935)	2/16/2001 9:04:13 PM
From: Gofer	Respond to of 74559

Jay, just an insight from the Great Northland. I live in the Ottawa, Canada area. Our metropolitan population is around a million people. After the federal government, our major employers are tech companies, particularly communications equipment design and some manufacturing. There are about 80,000 jobs in the sector. The largest employers in approximate order are Nortel (15,000 people), JDS Uniphase, Alcatel, and Mitel. Cisco and many component designers are also here. Last month JDS let 700 contract manufacturing employees go. Nortel is expected to reduce employment here by about 2,000, including jobs already eliminated. There will, of course, be a knock on effect. I imagine the JDS will reduce some more. Alcatel has reaffirmed their guidance (for now). A local paper has predicted that the laid off people will get jobs right away because we're booming here. They are (IMO) looking in the rear view mirror at yesterday. There will be no jobs tomorrow. A lot of these people being laid off came from out-of-town. There's zero availability of rental accommodations in the area so they bought with high-ratio mortgages. I feel badly for these young people, this is no way to start a career.