Motorola makes further cuts in an attempt to hit cost-cutting targets

Motorola makes further cuts in an attempt to hit cost-cutting targets

 

Struggling handset manufacturer Motorola has stepped up cutback plans by slashing 400 more jobs in the fourth quarter.

 

The move comes in addition to the 1,500 cuts it announced in October last year, as an attempt towards saving $800m (£553m) in 2009.

 

Motorola said that all of the company’s business segments, as well as various corporate functions, are impacted by the plans.

  

Motorola suffered a £244m global loss in the third quarter of last year. A steep drop in handset sales has seen the handset manufacturer drop to fourth place in the global handset market behind Nokia, Samsung and now Sony Ericsson.

 

The handset manufacturer has already announced job cuts that will eventually total around 12,000. It has also announced measures to put a freeze on salary increases and scale down several employee benefits.

 

Motorola admitted last year that the intended move to split off its handset business will now have to be delayed.

 

Written by Mobile Today
Mobile Today

Comments

Please wait...


Please write code to prove you're human