Nortel to rethink R&D work plans, executive says

OTTAWA (Reuters) - Nortel Networks Corp , North America's biggest telephone equipment maker, will soon announce an overhaul of what research and development work it does and where it does it, the company's chief technology officer said on Thursday.

The plan will be announced in a few weeks, John Roese told reporters. He added the plan will involve the retraining of some of the company's 12,000 R&D staff and may require job and project relocations. However, the move will not lead to new job cuts, he said.

(Reporting by Susan Taylor; Editing by Peter Galloway)

(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More US (Business) News click here