31/05/2002

Fears grow over further job cuts at Monkstown

Fears are growing that further jobs will be cut at Nortel Networks' Monkstown plant.

The parent company in Canada has revealed another phase of restructuring which could see around 3,500 jobs being lost worldwide.

This latest news follows another set of disappointing results from their company's fibre optics operations.

A couple of months ago, as part of the restructuring plans, Nortel carried out a fresh wave of voluntary redundancies at their Monkstown.

More than 500 people at the plant have already been made redundant during 2002.

(MB)


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