Nokia Siemens Networks says it will hang onto about 800 Canadian employees of Nortel Networks as part of the plan to buy a major portion of the former technology giant’s wireless business.
Simon Beresford-Wylie, chief executive officer of Nokia Siemens, said yesterday about 2,500 Nortel employees would transfer to Nokia Siemens, with about a third of them in Canada.
About 500 of those jobs are expected to stay in Ottawa, where the company houses most of its Canadian operations. Most other jobs will be at Nortel’s U.S. headquarters in Dallas.
The decision comes as Nortel Networks had its shares suspended by the Toronto Stock Exchange yesterday. The TSX says it took the move as a result of Nortel’s plan to sell its CDMA wireless network business to Nokia Siemens.