NORTEL, the Canadian telecommunications equipment manufacturer which employs around 800 people in Ireland, has reported a 25% year-on- year fall in revenue to $1.97 billion (€1.39bn) for the second quarter of this year.

Motorola has named Ed Zander, former president and second-in-command at Sun Microsystems, to be its new chairman and CEO, replacing Chris Galvin.

MOTOROLA, the world’s second-biggest mobile-phone maker, will cut another 3,000 jobs this year to help counter sagging sales of equipment for cellular networks and cable television.

Motorola is to reduce its global personal communications workforce by about 7,000 additional positions.

Motorola Inc warned that growth in most of its key market sectors will slow in 2001 from the pace seen in 2000, with particular disappointment due in mobile handsets and semiconductors.