Tuesday, May 29, 2007

Motorola to Cut Additional 4,000 Positions

Motorola announced that its previously announced workforce reduction of 3,500 will be completed on schedule by June 30 and the company is on target to achieve the $400 million in annualized cost savings that it forecast in January. In addition, Motorola aims to achieve another $600 million in annualized cost savings in 2008 through a combination of an additional workforce reduction of approximately 4,000, prioritization of investments, continuing discretionary-spending controls, general and administrative expenses and site rationalization.

http://www.motorola.com

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