Nortel to Cut 3,200 More Jobs

Nortel Networks Corp. plans to slash an additional 3,200 jobs world wide over the next several months, as the telecom-equipment vendor tries to restructure under bankruptcy-court protection. The latest layoff announcement is in addition to 1,800 job cuts the Toronto company announced last year. Once Nortel completes all of the job cuts, the company's work force will drop to about 25,000. During its heyday, the company employed about 93,000 people. Nortel filed for bankruptcy protection in Canada & the U.S. last month and has been delisted from the NYSE. It still trades on the Toronto Exchange, & shares were at 11