1/2/2009 2:41:00 PM
Motorola makes further cuts in an attempt to hit cost-cutting targets
handset manufacturer Motorola has stepped up cutback plans by slashing 400 more
jobs in the fourth quarter.
comes in addition to the 1,500 cuts it announced in October last year, as an
attempt towards saving $800m (£553m) in 2009.
said that all of the company’s business segments, as well as various corporate
functions, are impacted by the plans.
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.
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.
admitted last year that the intended move to split off its handset business will
now have to be delayed.