 |
Motorola Cuts 4,000 More Jobs
Motorola on Friday announced it is cutting 4,000 more jobs, or about 3.1% of its workforce, bringing the total eliminated companywide since December to 22,000. The latest cuts are in Motorola's networks sector, which was created in January to provide broadband and wireless communications products and systems.
"Motorola is making tough but deliberate and strategic business decisions in order to remain competitive in the slowing economy," Edward Breen, president of Motorola's Networks Sector, said in a statement.
"Unfortunately, reductions have been necessary for us to improve financial performance, and this is something that we will have to continually evaluate as we monitor market and economic conditions," Breen said.
The latest job cuts at Motorola, the world's No. 2 mobile phone maker behind Finland's Nokia, come a day after consumer product giant Procter & Gamble disclosed plans to cut about 9,600 jobs worldwide, or about 9% of its workforce.
Other large corporations such as DaimlerChrysler, Compaq Computer and Lucent Technologies have also announced big job cuts recently as the economy has slowed.
The Motorola cuts will come mostly from two businesses in its networks sector: the Commercial, Government and Industrial Solutions Sector; and the Global Telecommunications Solutions Sector. The Broadband Communications Sector will be impacted to a lesser degree.
Last week, Motorola slashed 7,000 jobs from its cellular phone division. Motorola had 147,000 employees when the company, intent on cutting costs as its sales and profits started to fall, began handing out pink slips in December.
In This Section
|