Is it part of an ealier plan to do so by the end of June?
Nortel plans to lay off 3,250 employees
Company expects its 2004 revenue growth to lag the industry
By Stephen Lawson, IDG News Service
September 30, 2004
Nortel Networks (Profile, Products, Articles) Corp. will lay off approximately 1,400 employees in the U.S. and about 950 in Canada, with those employees to be notified by the end of June 2005, the network equipment vendor said in a regulatory filing Thursday that fleshed out earlier announcements of the coming layoffs.