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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: waitwatchwander who wrote (12970)	6/21/2002 5:05:11 AM
From: waitwatchwander	Respond to of 14638

200 jobs to go at Nortel plant ananova.com Nortel is to cut 200 jobs at its factory in County Antrim, Northern Ireland. The workforce at the company's Monkstown plant - which currently employs around 1,000 people - were told of the decision this afternoon. The job cuts follow an announcement by the company last month that it was making 2,000 workers redundant worldwide in an effort to get back into profit. A spokesman for the company says management at the Monkstown plant will be talking to staff to minimise the impact of the move, with all 200 jobs expected to be gone by September. The job cuts are expected to be in the company's research and development division, its customer care unit and among supply chain personnel. More than 1,000 jobs have been cut at the plant in the last two years as a result of the global downturn in the technology sector. The plant produces infrastructure equipment for telecommunications networks and has been a market leader in the provision of fibre optics. The Monkstown factory is Nortel's largest optical systems house in Europe. Last year the company won the Northern Ireland Exporter of the Year Award. Story filed: 17:20 Thursday 20th June 2002