US downturn leads to job cuts in Devon

An
estimated 700 jobs are to be lost at Nortel Network’s optical components plant
in Paignton, Devon.

A
spokesman for the company said the precise number of jobs to be cut would be
decided during the 90-day consultation period that has just started.

The
networking equipment manufacturer announced it was cutting 10,000 jobs
worldwide because of the economic downturn in the US.

www.nortel.com

By Ben Willmott. Click here to respond.

Comments are closed.