Motorola to Cut Another 9,400 Jobs
Tuesday, December 18th 2001, 12:00 am
By: News On 6
CHICAGO (AP) _ Motorola Inc. announced Tuesday it is cutting another 9,400 jobs, or more than 8 percent of its work force, in a push to return to profitability in 2002.
The cell phone and semiconductor maker has now slashed 32 percent of its work force _ a total of 48,400 jobs _ since it stood at 150,000 worldwide in August 2000.
The long-troubled tech giant said it remains on track to achieve the fourth-quarter results it forecast two months ago but said its loss will be greater than expected in the first quarter of next year.
The latest round of job cuts, to be made over the course of the next year, include 4,000 from its semiconductor operations, 1,300 from its equipment manufacturing businesses and another 4,100 distributed companywide.
Company spokesman Scott Wyman said they will take place across all Motorola's businesses and most geographical regions where it operates, including its headquarters in Schaumburg, Ill. He declined to be more specific.