12/03/2002

Nortel confirms fresh wave of redundancies

Nortel Networks have confirmed they are engaged in talks with employees following the announcement that the company is to introduce a fresh wave of voluntary redundancies at their Monkstown plant.

David Silke, Press Relations Manager for Nortel in Ireland said they anticipated that around 50 jobs in the plant’s operations area would go as part of the jobs cuts.

However, no jobs in the Research&Design department are expected to be axed.

He said: “The jobs losses are highly regrettable. But we are engaged in a consultation process with our employees and their trade unions and the company’s goal is to complete the redundancy programme with minimal impact.

“These jobs cuts are part of a global Nortel Networks workplan which is focused on bringing the company back to profitability.

“We knew 2002 was going to be a challenge but we are aiming at bringing the company back to profit by the last 2002 quarter.”

This latest round of redundancies follows last year’s massive job losses in which the Canadian-owned company axed almost half of its workforce. Over the past twelve months Nortel’s workforce in Northern Ireland has fallen from 2,150 to 1,150. (AMcE)

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