MONTREAL -- Nortel Networks today said it would cut about 1,300 jobs between now and 2009 after reporting a $3.41 billion loss in the September quarter, including a noncash charge of $3.21 billion for goodwill and deferred tax assets.

Among those losing their jobs are chief technology officer John Roese, global services president Dietmar Wendt and executive vice president global sales Bill Nelson.

The company is instituting a series of wage and spending freezes as well in an effort to preserve cash.

SON, THE NETHERLANDS – Neways Electronics, a top 50 global EMS provider, signed a letter of intent to acquire parts of Bosch Security Systems' operations in Breda, the Netherlands, for an undisclosed amount.

The transaction is expected to be directly and immediately accretive to earnings.

The deal includes 40 full-time workers at the Bosch plant. The acquisition also includes a limited number of fixed assets and inventories.

The move substantial expanded Neways’ activities in communication and data security. 

Neways has 2,250 employees and reported sales of 281 million euros in 2007.

JACKSON, MI -- Electronics manufacturing services provider Sparton Corp. today announced Cary B. Wood as its  chief executive, effective Nov. 24.

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