US downturn leads to job cuts in Devon

by Personnel Today 5 Mar 2001

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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.

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