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Client Work

PricewaterhouseCoopers signs US$625 million outsourcing deal with Nortel Networks

Fasken
Reading Time 1 minute read
Client

PricewaterhouseCoopers LLP

On April 6, 2000, PriceWaterhouseCoopers ("PwC") announced that it had signed a major outsourcing deal with Nortel Networks Corporation valued at US$625 million. The five-year contract will see PWC integrate and manage the day-to-day operations of certain corporate services of Nortel, which encompass payroll, HR infocentres, non-production purchasing, accounts payable, capital services, employee expense reimbursement and employee training.
 
Canadian aspects of the transaction for PwC were handled by Fasken Martineau with a team led by C. Ian Kyer and Scott Conover and that included Steve D'Arcy and Nigel Johnston (tax), Ralph Nero (labour), David Vincent and Christine Chen (pensions & benefits), Scott Wallace and John Marsalek (corporate).