Nortel Slashes More Jobs

More U.S.-based Nortel Networks employees appear headed for the unemployment line.

The company has announced it will cut 56 positions at its Richardson, Texas plant. The reduction becomes effective right around the first of the year. There’s no chance of those Dallas-area jobs returning, apparently. Nortel says the layoffs are permanent.

The bankrupt equipment giant was not specific in the reasoning behind the cuts. Nortel has chopped thousands of jobs since filing for bankruptcy in January.