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Reload this Page Nortel filed for bankruptcy
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  #1  
Old 01-15-2009, 02:54 PM
trent trent is offline
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Default Nortel filed for bankruptcy
Nortel Networks Corp. filed for bankruptcy protection yesterday. Nortel, which is the biggest phone equipment producer in North America's has been having debt problems lately, which left the company with no choice but bankruptcy. The Toronto-based Nortel was at one point the biggest Canadian company, but wasn't able to stay competitive in the face of worsening economic conditions.

Anybody still thinking that the Canadian economy is doing well?
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Old 01-16-2009, 02:24 PM
investor investor is offline
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I wonder how many people will lose their jobs?
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Old 01-16-2009, 03:28 PM
Canadian Canadian is offline
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Quote:
Originally Posted by investor View Post
I wonder how many people will lose their jobs?
Thousands I guess.

There will be many more Canadian companies going under this year, this is just the beginning.
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Old 01-19-2009, 01:28 PM
bullish bullish is offline
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I don't think that they'll be that many job losses.
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Old 01-22-2009, 01:35 PM
heyjude heyjude is offline
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Any update on Nortel? How many jobs are they going to slash?
Do you think Air Canada will be next?
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Old 01-22-2009, 03:26 PM
Canadian Canadian is offline
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Air Canada filed for bankruptcy protection on 1 April 2003, and exited bankruptcy protection on 30 September 2004. That said, it may happen again .
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