Nortel fires 7, slashes jobs as it refocuses its operations

Article Abstract:

Nortel Networks Corp. is cutting jobs in its restructuring strategy, adding new position reporting directly to the chief executive officer, streamlining its divisions, and attempting to regain bonuses from fired employees. This would reduce annual expenses by between $450 million and $500 million to which investors responded favorably raising the stock from Canadian $4.3% to $4.85.

Telephone and telegraph apparatus, Canada, Telecommunications equipment industry, Nortel Networks Corp., NT

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CEO's HR skills turn Xerox fortunes

Article Abstract:

The financial revival of Xerox Corp., under chief executive officer Anne M. Mulcahy, is discussed.

United States, Computer and Office Equipment, Executive changes & profiles, Officials and employees, Xerox Corp., Computer peripherals industry, Mulcahy, Anne

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Sony gets a lesson in humility

Article Abstract:

The restructuring plans of Sony Corp., following market competition, are presented.

Japan, Household audio and video equipment, Consumer electronics industry, Sony Corp., SNE

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