Bankrupt Nortel Networks is fighting to avoid costs related to five former sites for manufacturing plants in Canada.
The Ottawa Citizen reports that Nortel wants “release from future obligations” for one site in particular that could cost the company $18 million.
The newspaper describes the plants as “posing prickly environmental issues.”
“The question is who, other than taxpayers, will pay the bills,” the Citizen reported. “Current owners of the properties have filed tens of millions of dollars in claims against the Nortel assets. While it is still early to say for sure, they will probably be lucky to get 50 per cent of their claims covered.”
Nortel once operated a large campus in RTP with several thousand employees.
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