 About 700 workers are employed at Nortel's Monkstown plant |
Technology company Nortel has abandoned plans to transfer large parts of its operations at Monkstown in County Antrim to another company. Singapore-based Flextronics was to take over all of Nortel's manufacturing facilities locally.
However, Nortel has now said it will retain all of the Monkstown plant which employs about 700 people and create a "regional supply chain centre".
There had been fears that hundreds of jobs could be lost at the plant.
Nortel makes telecommunications transmission equipment.
It said the new centre would lead its supply chain operations in Europe, the Middle East and Africa.
The County Antrim factory is Nortel's largest optical systems house in Europe.
The company is a subsidiary of the Canadian-owned global hi-tech corporation which operates in 100 countries.
One-Minute World News 
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