End to Nortel feud in sight as agreement reached on pension payouts

James Phillips
clock • 4 min read

An agreement has been reached on how to compensate members of the Nortel pension scheme after years of negotiations since the company went bust in 2009.

Around $7.3bn (£5.7bn) of the collapsed telecom company's assets are now expected to be distributed between all of the firm's creditors, including around 33,000 UK scheme members. The agreement ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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