Nortel is to axe 3,500 jobs, only months after senior bosses promised there would be no staff cuts after its acquisition of Bay Networks.
A Nortel spokesperson has confirmed reports in Canadian publication ?Ottawa Sun?, that it will lose about four per cent of its workforce, in a bid to restructure itself into an Internet company.
The spokesperson said that ?every line of business will be affected". The combined Nortel-Bay organisation employs 80,000 staff in around 150 countries.
Nortel acquired Bay in June to help it expand in the data networking market. Speaking as the ink was barely dry on the $9.1 billion deal, UK executives proclaimed there would be no job cuts.
?In fact, there are not enough people for our plans,? commented Chris Davies, marketing manager at Nortel?s enterprise data networks unit, with which Bay has merged.
Only last week, Nortel opened a new office in Dublin, bringing the total number of employees in Ireland to 1,000. The new sales office will support Nortel?s local distributors, and will complement its research and development facility in Galway, which employs 160 people.
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