Nortel Pension Fight Goes to Mediation

Bankrupt telecom faces dispute over how to wind down its pension plan.

Nortel Networks Inc., the telecommunications company being liquidated in bankruptcy, won court permission to hire a mediator to try to resolve a dispute over how to wind down its pension plan.

U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, approved a 60-day mediation period, during which Nortel, once the largest telephone equipment maker in North America, must negotiate with two committees representing retirees and workers who receive disability payments.

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