The Olympics

The Olympics


News, information and stories about the Olympic Games.

Thursday, 15 January 2009

Another One Bites The Dust

Another Olympics sponsor has bitten the dust, thanks to the recession.

Nortel, the telecoms equipment company has filed for bankruptcy protection today in a move affecting around 2,000 UK staff. Nortel UK is a £40M "tier one" sponsor of London's 2012 Olympics.

The London Olympic organising committee (Locog) appears to be "relaxed" about the matter. They are quoted in The Independent:

"We are aware of the situation and will work through it with Nortel."

Nortel currently employs around 30,000 people across 30 countries.

Olympic Medals won during the Beijing 2008 Olympics

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