Nortel Networks to Create 2,000 New High-Tech Jobs in Europe

Nortel Networks will add 2,000 new high-technology jobs in Europe and allocate US$3.3 million (3.46 million euros) in university scholarships by the end of this year to help create the next generation of Internet leaders. The new jobs and scholarships will be predominantly available in the UK, Ireland, France, Germany, Italy and Spain.

Nortel Networks – which employs approximately 20,000 people in 33 European countries – will also build two new Wireless Centers of Excellence in Spain and Germany, completing its European Wireless Internet development network. Other Centers of Excellence are based in the UK, France and Italy. In addition, Nortel Networks said it would open two new high performance Internet laboratories in Norway and Sweden.

Nortel Networks, through the Nortel Networks Foundation, will provide approximately US$3.3 million (3.46 million euros) in scholarships, or about $1 million (1.04 million euros) by the end of this year, to universities and colleges in the UK, France, Germany, Italy and Spain, beginning September 2000. The Nortel Networks Foundation has been established to invest in future Internet economy leaders by supporting science, math and technology education programs.

Nortel Networks’ Wireless Internet Centers of Excellence will provide a research, development and testing ground for Wireless Internet capabilities. The Wireless Internet Centers of Excellence are based in Maidenhead (London), United Kingdom; Guyancourt (Paris), France, and Rome, Italy. Two new centers are planned for Spain and Munich, Germany.