you're reading...

International News

Nortel Bankruptcy Judge Sends Pension Dispute to Mediation

Nortel Networks Inc. (NRTLQ), the telecommunications company being liquidated in bankruptcy has received a favourable reply from the court and was granted permission to hire the services of a mediator in order to try to resolve a dispute over how to wind down its pension plan.  U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, U.S.A., approved a 60-day mediation period, during which Nortel, once the largest telephone equipment maker in North America, must negotiate with two committees representing retirees and workers who receive disability payments.

Read MORE.

Follow Us

FacebookTwitterOur YouTube Channel

  • The Boston Symphony Orchestra and its principal flutist, Elizabeth Rowe, had entered and hopes to resolv… ,
  • After months of with an Annapolis citizens group, the Lofts at Eastport Landing project is moving forwar… ,
  • Mediation is an important tool for resolving workplace disputes and keeping teams working in harmony. ,
  • The University of Wisconsin System will not have to pay several million dollars in UW-Oshkosh Foundation debt while… ,
  • Aviation unions have slammed Air New Zealand for releasing "misleading information" about planned strike action by… ,
  • A federal civil suit pitting former Service Credit Union CEO Gordon Simmons against a local credit union is heading… ,