64.9 F
Laguna Hills
Thursday, Jun 25, 2026

Nortel Networks to Cut 1,100 Jobs

Telecommunications equipment maker Nortel Networks Corp., which has slimmed down significantly in recent years, said Tuesday it will cut about 1,100 positions globally and change its pension program to improve operating margins and save money.

*For more on this story,

read the full Associated Press article.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Weekly in-depth coverage in print and digital formats
  • Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts
  • The annual Book of Lists: Orange County's top companies across every industry

Featured Articles

Related Articles