Bankruptcy cry 40 days in china nortel - China Ego E-cigs - China EGO E-cigarette

Huangyan Wen said, the company announced the first moment, everyone is anxiously awaiting the decision of the company, and in the announcement of the decision, his troubles into how to staff and Cooperation Partner explained, "bankruptcy" how did this one thing.

Huangyan Wen's title is a Nortel general manager, Enterprise Networks, Greater China, responsible for Nortel's business in Greater China network of business development and management. Former president of Nortel Greater China, Wu Zhensheng on December 31, 2008, after formal retirement, Huangyan Wen-Bo Chen, together with the leadership of China, Nortel.

According to the paper, Nortel filed for bankruptcy protection in the region including the United States, Canada and Europe, Nortel Caribbean and Latin America in business, government solutions business, especially in Asian assets from Nortel bankruptcy reorganization The impact will continue to maintain normal operations.

"Gates of fire, adverse impacts", not to mention the "blood" relations branch. Huangyan Wen jokes, as always different people to explain "bankruptcy," he has quickly become experts in this field.

Behind bankruptcy reorganization "Is selected Nortel active bankruptcy." Huangyan Wen explained. Bankruptcy reorganization on the premise that Nortel still has ample cash flow, or Nortel is not under U.S. bankruptcy law provisions of Chapter XI (Chapter11) the provisions of bankruptcy reorganization, but directly in accordance with Chapter VII (Chapter7) into bankruptcy and liquidation provisions of .

Nortel telecommunications company as a hundred years, 15 years ago, once accounted for the Toronto Exchange index of 60%. However, since the 90s of last century, Nortel began to expand rapidly under the impact of the financial crisis, embarked on the road to bankruptcy.

2007 12 months, Nortel cash flow for the 3.5 billion U.S. dollars, to declare bankruptcy reorganization, this figure has been reduced to 2.4 billion U.S. dollars, that is Nortel in 2008 spent a total of about 1.1 billion U.S. dollars in cash , equivalent to nearly 100 million U.S. dollars to spend each month.

That rate continues, Nortel hands of 2.4 billion U.S. dollars can also be maintained until the end of 2010. However, Huang Yanwen that "I'm sorry after 24 months with all the staff, as from now and re-start negotiations."

Nortel faces long-term loans of 45 billion U.S. dollars, leading to bankruptcy Nortel had reason is that Nortel will be faced with three aspects of the debt burden: First, the interest burden of loans, and second, retrenchment compensation and employee pension burden. Prior to Nortel in 2089, employs up to 90,000 people, currently only 2.6 million, pension and redundancy compensation is a big pressure.

Is exactly the same reason, Nortel is not in bankruptcy reorganization of the Asian assets of the list, "mainly the company has no debt of Nortel Asia." Huangyan Wen said.

Currently, Nortel will be taken to restructure the way what is still unknown. Practice, the bankruptcy reorganization of the time period of 12 to 36 months, bankruptcy reorganization of enterprises need to submit the reorganization plan within 30 days after application and approval, Nortel will be the time delay to May 1, the answer to the latest May 1 will be revealed.

However, Huang Yanwen view, the situation is not so pessimistic. He said that in foreign countries, bankruptcy is more common, after reviving the company after restructuring there are also many.

Huangyan Wen's "road show"

Although Nortel is not in bankruptcy reorganization of the Asian assets of the list, but "certainly rivals at home, pounding on drums and firecrackers, holding you blasted to play," Huang Yanwen so vividly describes Nortel China's current embarrassment.

So since the Jan. 14 bankruptcy reorganization since the 40-day period, except during the Spring Festival, Huangyan Wen returned to Taiwan with his family spent seven days, the rest of the time, he explained that different people in the face of North CLP's "bankruptcy", the process by his name as "road shows."

"Nortel I ran the 50 in the mainland a big customer, but also for the partners to do a market research." Huangyan Wen said the survey results is that 50% of customers were not affected and are willing to continue to maintain Nortel cooperation, 35% of customers expressed concern, and 15% of customers wait in the observation and state.

Order to dispel concerns of customers, the week before the Spring Festival, Nortel to Beijing, Shanghai, Guangzhou, Shenzhen, Beijing-related staff training are all concentrated in a period of up to one week, "read a company's operation is normal, an important indication of that training has not been affected, as well as wages, bonuses and reimbursements are timely issued.

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