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Loading ...Oh dear… It sounds like Nortel to file for bankruptcy protection“ via ReportonBusiness.com. The Canadian networking giant has been awry for a while - see Nortel - Leavers and Losses - and now has around 26,000 staff. That is a small fraction of the size it was at its peak.
The company still has some good products. Potentially the company may be broken up, although that is pure speculation, and finding a buyer at times like these will be tricky.
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