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	<title>TechGrid &#187; Nortel</title>
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		<title>Nortel to lay off another 3,200 workers</title>
		<link>http://www.techgrid.com/2009/02/25/nortel-to-lay-off-another-3200-workers/</link>
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		<pubDate>Wed, 25 Feb 2009 18:10:30 +0000</pubDate>
		<dc:creator>TechGrid Staff</dc:creator>
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		<description><![CDATA[Nortel Networks Corp. today said it will lay off 3,200 workers in addition to the previously announced 1,800 layoffs as it undergoes a restructuring that is part of its Chapter 11 bankruptcy filing in the U.S. and a similar creditor protection filing in Canada. The Toronto-based network equipment provider said it could not say which [...]]]></description>
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		<title>Things going south with Nortel</title>
		<link>http://www.techgrid.com/2008/12/10/things-going-south-with-nortel/</link>
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		<pubDate>Wed, 10 Dec 2008 15:47:29 +0000</pubDate>
		<dc:creator>TechGrid Staff</dc:creator>
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		<category><![CDATA[Nortel]]></category>

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		<description><![CDATA[Nortel Networks Corp, shares fell sharply on Wednesday after a Wall Street Journal report that North America&#8217;s biggest telephone equipment maker has sought legal advice on a bankruptcy protection scenario in the event that its restructuring plan fails. Facing a slowdown in demand and tougher competition, Nortel has also been exploring potential assistance from the [...]]]></description>
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		<title>Nortel to cut 5000</title>
		<link>http://www.techgrid.com/2008/11/04/nortel-to-cut-5000/</link>
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		<pubDate>Wed, 05 Nov 2008 03:06:56 +0000</pubDate>
		<dc:creator>TechGrid Staff</dc:creator>
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		<category><![CDATA[Nortel]]></category>

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		<description><![CDATA[Nortel Networks Corp could shed between 3,000 and 5,000 jobs when it details its latest restructuring plan next week, analysts said on Tuesday. The company, North America&#8217;s biggest maker of telephone gear, said in September that a weak economy and spending cutbacks by the telecom companies that buy its equipment will lead to lower sales. [...]]]></description>
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