Motorola Cuts More Jobs

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Last updated at: (Beijing Time) Wednesday, December 19, 2001

Motorola Cuts More Jobs

Motorola is cutting another 9,400 jobs, or more than 8% of its work force, in a push to return to profitability in 2002.

Motorola is cutting another 9,400 jobs, or more than 8% of its work force, in a push to return to profitability in 2002.

The cell phone and semiconductor maker has now shrunk its work force by 32% �� 42,900 jobs through layoffs and 5,500 through sales of businesses �� since it stood at 150,000 worldwide in August 2000.

The long-troubled tech giant said Tuesday it remains on track to achieve the fourth-quarter results it forecast two months ago, but said its loss will be greater than expected in the first quarter of next year.

The latest round of job cuts, to be made over the course of the next year, include 4,000 from its semiconductor operations, 1,300 from its equipment manufacturing businesses and another 4,100 distributed companywide.

Company spokesman Scott Wyman said they will take place across all Motorola's businesses and most geographic regions where it operates, including its headquarters in Schaumburg, Ill. He declined to be more specific.

Motorola, the world's No. 2 cell phone manufacturer and a leading computer chip maker, disclosed the cuts while confirming it is headed toward a fourth straight quarter in the red in the current three-month period, with operating losses about the same as estimated in October.

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