Mitel buyout of Inter-Tel leads to cuts

Mitel.jpgMitel Networks cuts its workforce by 200 employees as it sets about integrating the operations of Arizona-based Inter-Tel Corp. Mitel, which earlier refused to say whether the merger would affect workers, says the cuts were necessary to ensure the two operations begin working together efficiently, as soon as possible. The cuts, about six percent of the combined workforce of 3,400, will also help Terry Matthew’s Mitel stem losses, which have amounted to approximately $130 million over the past four years.

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