keywords: nortel vacate corp estate jobs
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 it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and vacate real  estate in a cost-cutting plan that will save \$500 million in  2005.