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Nortel Details Job Cut Plan

Nortel Networks gave details of a previously announced job cut program Thursday, saying it is cutting 1,400 in the United States by next June.

The total of 3,250 jobs to be eliminated is down slightly from the rough number of 3,500 given in an August announcement by the global telecom equipment maker as it struggles to regain its financial footing following the tech crash and an accounting scandal.

The plan also includes the reduction of about two million square feet of occupied real estate, to be completed by the end of 2005.

"The decisions made to reduce our employee community and refine operational efficiencies have been undertaken in a very considered way," chief executive Bill Owens said.

"Our work force actions are focused to disproportionately protect customer and sales facing roles, as well as continue our focus on new innovative solutions."

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