SCHAUMBURG, IL -- Motorola will lay off an
additional 4,000 jobs, 3,000 from its hard-hit mobile-device business, as it struggles to regain its balance.
The company also said it expects December quarter sales of $7
billion and $7.2 billion, below the Wall Street consensus of $7.5 billion
The company, which laid off 3,000 workers in the fourth quarter, said the moves are among several cost-cutting measures that will save $1.2 billion annually.
One analyst, Tero Kuittinen of Global Crown Capital, went so far as to say the company may depart Asia and
even Europe, leaving it to concentrate on the Americas where the brand name is
strongest.
HELSINKI -- Elcoteq today said it plans to cut 5,000 workers, or about 25% its global workforce, and shut plants around the world.
The EMS firm, the world's sixth largest according to the Circuits Assembly Top 50, said it would close plants in the US, Romania and Russia, while consolidating its China operations to Beijing.