Motorola to Cut a Further 400 Jobs

January 5, 2009 at 14:41 Leave a comment

Motorola has announced plans to cut a further 400 jobs on top of the 1,500 cuts announced in October. The earlier termination of approximately 1,500 employees, primarily in the Mobile Devices segment, and will result in pre-tax charges of $104 million in the fourth quarter of 2008.

The company warned at the time that further job cuts might occur – and has announced in an SEC filing that it will terminate approximately additional 400 employees, resulting in additional pre-tax severance charges of approximately $25 million in the fourth quarter of 2008.These additional actions also include other exit-related activities, including the termination of leases and other contractual commitments and asset impairments, resulting in additional pre-tax charges of approximately $60 million in the fourth quarter of 2008.

Wireless Industry News

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Entry filed under: Job Cuts, Mobile, Motorola, Telecom, Wireless. Tags: , , , , .

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