Nortel Insider – by Desk Jockey

The view from one Desk Jockey

The coming days

with 6 comments

rumorsThis week will prove to be decisive with respect to the current situation Nortel is in. The rumors floating around suggest that there will be a substantial series of job cuts, beginning in February, now that management has no obligation to contractually-promised severances. 

This is supported by evidence in the Ernst & Young Monitor reports, which show a reduction in payroll going into February, and curiously a switch from a biweekly to weekly schedule.  Clearly, we cannot rely on management to give us the truth anymore, and are left up to our own devices in order to speculate on the outcome.

There are those who will say this speculation is useless and even counter to productivity.  But to them I say this: Since when is the pursuit of knowledge, and indeed truth, a bad thing? This sort of dismissal of the facts is counter to what our society stands for – a freedom of expression, and above all, freedom of thought.  Since we cannot rely on those in power to dispense the facts, we are left to our own devices.

Indeed, speculation has often been proven to be reality, even when it was vehemently denied by upper management.  I invite you all to analyze the situation and arrive at your own conclusions, instead of trusting what you are fed.  (This includes the very source you are reading from currently!)

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Written by Desk Jockey

January 26, 2009 at 11:50 pm

Posted in Uncategorized

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6 Responses

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  1. The weekly schedule switch could be alternating weeks of actual paycheques and source deductions remitted to the government in the following week? The proportion looks about right for that. If so, then the workforce reduction will be about 40%, from $23M to $14M.

    The source deductions payment for the week of 18-24 Jan would be taxes from the previous payroll run and may not have been paid due to the filing?

    Who’s betting that the employees who received the Notice from Ernst & Young at home this week are the ones on the The List?

    Doggerel

    January 27, 2009 at 10:08 am

  2. This is some scary s**t.

    jchiar

    January 27, 2009 at 10:31 am

  3. Sales compensation is paid approx. 6 weeks after month end. December commissions are to be paid in Feb. At the start of the new year, Jan and Feb commissions are combined into a single pay run for April. There are no commissions paid in March. This is due to the amount of admin process needed each year to setup account lists and quotas.

    Because of this the E&Y payroll numbers for March will be lower than February. I’m sure there will be some downsizing as well that will impact the later Feb and March numbers.

    A Sales Guy

    January 27, 2009 at 2:20 pm

  4. Message to those existing Nortel employees…….
    Payroll will be decreased so what do you have to lose? For once in your life, stand up for yourself, your family and send a message to those that are corrupt, unethical and I am sure have $Millions of dollars socked away off the backs of us Nortel employees…….what are you waiting for……you are next to get no severance, no way to provide for your family, no benefits…..so will you do something about it? or just wait around and wait………..

    23 yr employee

    January 27, 2009 at 3:58 pm

  5. […] is interesting to speculate, however, what this letter might mean for those who received it. Is it, as one commenter speculated, an indication that you are on “The List” and that your days at Nortel are […]

  6. I wonder how the company-wide layoffs in February will impact Nortel’s CALA office in South Florida?

    None of the company’s subsidiaries in said region are involved in the bankruptcy filings of January 14 which is a good thing. However, the South Florida office would be part of the US operations, right?

    There is also the possibility that many people in South Florida are going to be let go because their duties can be spread between the remaining staff and those in the offshore regional offices that have been beefed up over the last 24 months.

    Just look at the open positions in the H.R. page and it contains nothing being filled in the US, only overseas and some CALA countries are shown.

    Any comments from CALA employees?

    Nortel watcher

    February 1, 2009 at 1:21 am


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