Link:
http://www.ottawabusinessjournal.com/281072091228104.php


"Nortel warned that its cost structure remains too high and fresh cost-cutting measures will have to be taken to meet the mark. Nortel's target is to reduce operating costs to less than 40 per cent of overall revenue and keep gross margins in the mid 40-per-cent range. "

When will Nortel become stable?

The same story is for Air Canada. Cost cutting is the MUST for these type of company. You can't believe the salary range of top official (all are Gora) are very highy and they have no any good qualification, but they all are Goras. Every where in company and in Government, cost cutting are require in Canada. In our country, money out through corruption and here through meaningless expenses.

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Kap