The world’s No.2 handset-maker, Motorola, has announced
that it will cut another 4,000 jobs, as part of a strategy to beef up financials and turn around operational results. The company announced – in the beginning of this year – that it will cut 3,500 jobs as part of its two-year cost-cutting plan to save $400 million. These layoffs are already underway, and the process will be completed by the end of June. And now, it says that it will cut 4,000 more jobs – this time to save another $600 million in 2008 (it has further announced that it will ‘prioritise investments’, put controls on discretionary spending and general & administrative expenses). The total number of employees at Motorola stood at 150,000 worldwide in 2000; by the beginning of this year, the number had declined to 66,000.For Complete IIPM Article, Click on IIPM Article
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