Sale of assets won’t put Nortel pension in the black
The underfunded Nortel employee pension plans will benefit from the $7.2 billion sale of the company’s assets, but the creditor line is long and even this large sum of cash isn’t expected to put the fund back in the black. “It’s certainly unrealistic that it’s going to fill up the hole completely,” said lawyer Susan […]
- July 20, 2011 September 13, 2019
- 12:22