Motorola cuts 3,500 jobs
Saturday, January 20 - 2007 at 06:09
Motorola, the world's second largest mobile phone maker, is cutting 3,500 jobs, the equivalent to 5% of its workforce, Playfuls.com reports. The aim is to return to double-digit operating margins in the second half of 2007. Motorola recently posted a 48% drop in Q4 profits, caused by strong competition in the mobile market pushing prices down, as well as brand competition between Motorola's Krzr and Razr phones.
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James McInerney, News EditorSaturday, January 20 - 2007 at 06:09 UAE local time (GMT+4)
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This Article was updated on Sunday, January 21 - 2007
Index : Telecoms and IT
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