BigClassActions.com

Nortel faces class action over changes to employee pension plan



A plan to make major changes to employee pension plans has attracted a class action lawsuit against Nortel Networks. Employees see their future pension benefits evaporate as Nortel initiates a series of cost-cutting measures that include layoffs.

More than 40 Nortel employees are supporting the class action. Nortel has changed the pension plan from a defined-benefits plan to a defined-contribution plan as of Jan-01-08, effectively shifting the future inflation from the company to the employee.

Health care benefits have also been eliminated from future retirees. The class action has been initiated to help employees with at least 20 years of service who were not protected in the transition.

Nortel Legal Help

If you or a loved one has suffered damages in this case, please fill in our form on the right to send your complaint to a lawyer to evaluate your claim at no cost or obligation.

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:
Request Legal Help