Valleywag
Nortel, the second-rung maker of telecom equipment, is losing money. In an attempt to stop doing that, the company is firing 3,100 workers. Of course, that's not how Nortel PR is spinning it. The AP reports: "The company said it plans to cut about 2,100 jobs globally and will shift approximately 1,000 additional jobs to lower-cost areas." Even with our mere powers of journalist math, we can calculate that the company is really firing 3,100 employees and hiring 1,000 more for lower pay — a likely euphemism for "shifting jobs overseas."
Nortel firing 3,100 people, hiring 1,000 cheaper ones
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12:20 PM on Wed Feb 27 2008
By Jordan Golson
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2 comments
Comments
Or from Santa Clara to the vast void that is Canada.
@sample032: Like I said. Overseas.
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