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06/02/2004
Pearson meets MLA's to discuss Nortel future
Enterprise Minister, Ian Pearson, has briefed East Antrim MLAs Sean Neeson, David Hilditch, George Dawson and Roy Beggs Jnr, and Carrickfergus Borough Council member, Alan Braithwaite on the future of Nortel Networks.
The five men also discussed the work of the Department of Enterprise, Trade and Investment and Invest NI in supporting economic activity in East Antrim following a number of recent economic setbacks in the area.
It follows last months news that Nortel Network's remaining manufacturing plants, including the Monkstown plant in Northern Ireland, could be sold thus threatening hundreds of manufacturing jobs.
Referring to the proposed sale by Nortel of parts of its manufacturing activities to Flextronics of Singapore, Mr Pearson said: “I’ve been in contact very recently with Nortel’s senior management in Canada and at Monkstown, to ensure the best possible outcome for Northern Ireland.
“It would be wrong for me to speculate on the discussions between Nortel and Flextronics, as the deal is not yet signed. Nortel is an important part of the Northern Ireland economy, both in terms of the technology being pioneered at Monkstown and of course, the direct and indirect employment provided.
“I am sure that Flextronics already appreciates the strong skills base at Monkstown, and if and when a sale is agreed, I will want to talk to Flextronics about the value of Monkstown’s technological capability and seek to, at the very least, preserve existing employment at the plant.”
Nortel Networks last month announced that the Canadian-owned company was in discussions with Flextronics to divest about $500 million worth of "manufacturing and inventory assets".
If the deal goes ahead, Singapore-based Flextronics would acquire most of Nortel's manufacturing capacity at plants in Northern Ireland, France, Brazil and Canada.
It is feared that up to 350 jobs at the Monkstown plant, which makes high-tech telecommunications equipment, may be affected.
(MB)
The five men also discussed the work of the Department of Enterprise, Trade and Investment and Invest NI in supporting economic activity in East Antrim following a number of recent economic setbacks in the area.
It follows last months news that Nortel Network's remaining manufacturing plants, including the Monkstown plant in Northern Ireland, could be sold thus threatening hundreds of manufacturing jobs.
Referring to the proposed sale by Nortel of parts of its manufacturing activities to Flextronics of Singapore, Mr Pearson said: “I’ve been in contact very recently with Nortel’s senior management in Canada and at Monkstown, to ensure the best possible outcome for Northern Ireland.
“It would be wrong for me to speculate on the discussions between Nortel and Flextronics, as the deal is not yet signed. Nortel is an important part of the Northern Ireland economy, both in terms of the technology being pioneered at Monkstown and of course, the direct and indirect employment provided.
“I am sure that Flextronics already appreciates the strong skills base at Monkstown, and if and when a sale is agreed, I will want to talk to Flextronics about the value of Monkstown’s technological capability and seek to, at the very least, preserve existing employment at the plant.”
Nortel Networks last month announced that the Canadian-owned company was in discussions with Flextronics to divest about $500 million worth of "manufacturing and inventory assets".
If the deal goes ahead, Singapore-based Flextronics would acquire most of Nortel's manufacturing capacity at plants in Northern Ireland, France, Brazil and Canada.
It is feared that up to 350 jobs at the Monkstown plant, which makes high-tech telecommunications equipment, may be affected.
(MB)
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22 January 2004
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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.
18 June 2002
Fears for jobs at Nortel plant in Monkstown
With the recent announcement of global cutbacks from Canadian telecommunication giant Nortel fears are mounting about the safety of jobs at the company’s County Antrim plant in Monkstown. At the end of May the company revealed another phase of restructuring which could see around 3,500 jobs being lost worldwide.
Fears for jobs at Nortel plant in Monkstown
With the recent announcement of global cutbacks from Canadian telecommunication giant Nortel fears are mounting about the safety of jobs at the company’s County Antrim plant in Monkstown. At the end of May the company revealed another phase of restructuring which could see around 3,500 jobs being lost worldwide.
30 March 2009
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.
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.
15 January 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.
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.
20 June 2002
200 jobs go at Nortel's Monkstown plant
Nortel's Monkstown plant is to suffer 200 job cuts following the management's decision to swing the jobs axe across its entire business. The County Antrim factory will see its 1,000-strong workforce slashed by a fifth as the global parent company attempts to reduce operating costs and achieve a return to profitability.
200 jobs go at Nortel's Monkstown plant
Nortel's Monkstown plant is to suffer 200 job cuts following the management's decision to swing the jobs axe across its entire business. The County Antrim factory will see its 1,000-strong workforce slashed by a fifth as the global parent company attempts to reduce operating costs and achieve a return to profitability.
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