Financials: Nortel will cut work force by 4,000, although its ov...
Financials: Nortel will cut work force by 4,000, although its overall staff level will remain same through new hires in high-growth areas, company announced Thurs. Cuts represent 4% of Nortel’s 94,500 employees… Time Warner Telecom completed acquisition of GST…
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Telecom assets for $690 million. GST filed for Chapter 11 bankruptcy protection in May.