Nortel to tap into China's telecom market

   Date:2006/12/31
Canadian communications firm Nortel Networks Corp will boost spending to tap into China's telecom market, despite ongoing restructuring of its struggling global operations.

President and Chief Executive Officer Mike Zafirovski said Nortel would move some jobs from developed markets to "low-cost markets" such as China.

"China is becoming increasingly important for Nortel not only for sales, but also for employment, research and development (R&D)," he said, adding that the firm has no specific plans for a significant shift in employment as yet.

The remarks come at a time when Nortel is to cut about 3 percent of its global workforce and sell its 3G (third generation) mobile communications business to Alcatel.

Nortel has been creating jobs in China, especially in R&D, over the past year. Nortel made the decision to build the facilities in 2003 and committed 200 million U.S. dollars over three years to strengthen its R&D capabilities in China.

Source:佚名

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