Motorola to cut 1,000 jobs

Manufacturing News, Source : TheManufacturer.com
Published : 28 Sep 2004 22:13

Motorola announced today that it plans to eliminate 1,000 jobs as it finishes spinning off its semiconductor unit.

Most of the job cuts will take place by the end of this week at Motorola locations in the United States and other locations around the world. Motorola employs about 88,000 people worldwide.

The elimination of 1,000 employees will “result in pre-tax charges totaling approximately $50 million in severance benefits,” Motorola said in its US Securities and Exchange Commission filing. “Businesses impacted by these plans include the Commercial, Government and Industrial Solutions segment, the Integrated Electronic Systems segment and the Broadband Communications segment, as well as various corporate functions.”

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