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15/01/2009
Pay Cuts And 'Bankruptcy' Highlight Job Fears
As news that around a third of employees at a high-tech company in Londonderry are to receive a pay cut of 10% in an effort to save their jobs as the global recession hits sales, there has been more gloomy news from a similar firm in Co Antrim.
While around 300 people in the Springtown premises of Seagate Technologies will now be bringing home a smaller pay packet, there are fears for the future of Nortel jobs in County Antrim following the news that the telecoms giant has applied for bankruptcy protection.
The Canadian firm announced the move was "a step towards a global reorganisation" and while it expected day-to-day operations to continue without interruption - there remain fears over furture job prospects.
Nortel employs 550 people at Monkstown, Newtownabbey, and 300 in Galway.
The Monkstown plant opened in the 1960s as a Standard Telephone and Cables manufacturing facility, which was bought by Nortel in 1992.
More than 2,000 people worked at the Monkstown plant at its peak in 2000, but it has been hit by a series of redundancies.
Under US Chapter 11 bankruptcy protection law, a firm can keep trading while it aims to sort out its finances.
See: Pearson meets MLA's to discuss Nortel future
(BMcC/JM)
While around 300 people in the Springtown premises of Seagate Technologies will now be bringing home a smaller pay packet, there are fears for the future of Nortel jobs in County Antrim following the news that the telecoms giant has applied for bankruptcy protection.
The Canadian firm announced the move was "a step towards a global reorganisation" and while it expected day-to-day operations to continue without interruption - there remain fears over furture job prospects.
Nortel employs 550 people at Monkstown, Newtownabbey, and 300 in Galway.
The Monkstown plant opened in the 1960s as a Standard Telephone and Cables manufacturing facility, which was bought by Nortel in 1992.
More than 2,000 people worked at the Monkstown plant at its peak in 2000, but it has been hit by a series of redundancies.
Under US Chapter 11 bankruptcy protection law, a firm can keep trading while it aims to sort out its finances.
See: Pearson meets MLA's to discuss Nortel future
(BMcC/JM)
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Nortel announce further job losses worldwide
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14 May 2009
Local BT Workers Escape Cuts
It has been revealed that excellent profits for BT's operation locally will mean no major job cuts for NI staff. The telecom giant as a whole announced losses of £134m and said it planned to cut 15,000 jobs. However, for the 2,600 BT employees in Northern Ireland, the company has better news.
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30 March 2009
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There's doubly bad news on employment today as jobs are to be lost at a major manufacturing facility in Co Antrim, while more cuts are expected at Translink in Derry. The losses are at Nortel's plant in Newtownabbey where last month the telecoms company said it had plans to shed over 3,000 jobs worldwide.
Twin Jobs' Fears Revealed
There's doubly bad news on employment today as jobs are to be lost at a major manufacturing facility in Co Antrim, while more cuts are expected at Translink in Derry. The losses are at Nortel's plant in Newtownabbey where last month the telecoms company said it had plans to shed over 3,000 jobs worldwide.
22 January 2004
Jobs fears raised over Nortel sale proposals
The proposed sale of Nortel Network's remaining manufacturing plants, including the Monkstown plant in Northern Ireland, has caused concern over hundreds of manufacturing jobs at the plant.
Jobs fears raised over Nortel sale proposals
The proposed sale of Nortel Network's remaining manufacturing plants, including the Monkstown plant in Northern Ireland, has caused concern over hundreds of manufacturing jobs at the plant.
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