Updated November 10, 2008
Nortel to cut 1,300 jobs, including some in RTP, freeze salaries, boot 4 top execs
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Research Triangle Park, N.C. —
Telecommunications giant, which employs 2,000 people in RTP, is slashing expenditures in attempt to preserve cash. Some layoffs will take place in Triangle. Four top execs also leaving company. Some 200 jobs to move to lower-cost locations. Revenue drops 14 percent for quarter....Copyright 2013 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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