Printed from http://www.electronista.com

Motorola moves up layoff schedule

updated 06:35 pm EST, Wed December 31, 2008

Motorola moves up lay-offs

Motorola announced it would lay off a total of 1,900 employees in the fourth-quarter, which is 400 more than it originally planned to before the end of the fiscal year, says a Tuesday report. The move is meant to save the company $800 million in 2009 and does not affect the previously announced total job elimination of 3,000 jobs, 1,100 of which will be made next year.

Before this announcement, Motorola's charges for the fourth quarter were expected to total $104 million, but the moved-up job cuts have changed that number to $189 million. The move is part of Motorola's larger cost-cutting measures that include suspending contributions to workers' retirement plans, freezing pension plans, stopping pay increases and cutting salaries of the top two executives.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Advertisement

toggle

Most Commented

 
toggle

Popular News