Motorola will cut another 4,000 positions by midyear, increasing ...
Motorola will cut another 4,000 positions by midyear, increasing total number of job layoffs since Dec. to 22,000 out of work force of 147,000. Latest round of reductions will involve its (1) commercial, govt. and industrial solutions, (2) global…
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telecom solutions, (3) broadband communications to a lesser degree. Company anticipated taking special charge against first and 2nd quarter earnings. Company didn’t give specifics on how many jobs it would drop from each operation. “Motorola is making tough but deliberate and strategic business decisions in order to remain competitive in the slowing economy,” said Motorola Networks Sector Pres. Edward Breen. “Unfortunately, reductions have been necessary for us to improve financial performance.” Other scalebacks announced this year include plans Motorola outlined in Jan. to end cellphone manufacturing operations at its Harvard, Ill., plant, which will result in loss of 2,500 jobs. It issued series of earnings warnings late last year and has been attempting to streamline operations.