Motorola lay-off: Motorola fires 2600 employees: Finance Trading Times

Motorola lay-off: Motorola fires 2600 employees

Motorola has declared it officially, in a filing to the regulators, that Motorola will be firing 2600 employees.
The reasons for this “official lay-off” by Motorola is that it will result in a pretax charge of around 105 million USD.

Motorola claims that the lay-offs are as per the initially indicated plans, which are aimed at reducing the cost by half a billion for this year. They claim that the management has proactively warned the employees about the possibility of a Motorola job-cut or lay-off.

It’s wrap-up time for Motorola. In India, they are planning to sell their handset business to Videocon, the largest Indian electronics company. Also, the are planning to wrap-up the mobile phone manufacturing in Singapore, and hence maximum lay-offs, around 700-800 of them may happen in Motorola Singapore. The remaining job-cuts will be made at other places like Plantation, Fla., where Motorola will fire 350 employees, and in a Birmingham, England, facility that will lose 120 jobs.

Related: Google lay-off, fires DoubleClick employees

Motorola said the reductions were made across all three of its business units, as well as on the corporate level.
I can only sympathies with the employees of Motorola which is having a tough time! Table of Contents
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