Motorola chops jobs in wireless unit
Print4,000 given the boot
Posted in Business, 23rd March 2001 17:14 GMT
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Motorola plans to cut another 4,000 jobs, this time from one of its younger divisions.
Staff are to be given the boot in the company's Networks Sector, its three-month-old wireless and broadband division, according to a statement issued this morning. The division employs around 140,000 people worldwide.
The job losses, part of Motorola's ongoing cost-cutting spree, affect around three per cent of its total workforce. They bring total staff cuts since December to 22,000 - earlier this month it chopped around 7,000 jobs from its mobile phone division.
It expects to record a charge in the first and second quarter to cover the move.
"Motorola is making tough but deliberate and strategic business decisions in order to remain competitive in the slowing economy," said Motorola Networks Sector president Edward D Breen.
"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." ®
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