keywords: nortel forecast fewer cutting cuts
text: Nortel Cuts Fewer Jobs, Exits Real Estate  OTTAWA (Reuters) - Nortel Networks Corp. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=NT.TO target=/stocks/quickinfo/fullquote"&gt;NT.TO&lt;/A&gt; said on  Thursday its cost-cutting plan will save \$500 million in 2005,  and even more in future years, as it eliminates fewer jobs than  forecast, but plans to exit real estate.