You are here  IT Management Staffing and Training

Motorola axes another 4,000 jobs

Antony Savvas
Thursday 15 January 2009 11:27

Motorola is cutting a further 4,000 jobs in response to the continuing recession and its inability to turn round its long-running bad business performance.

The firm's mobile business will bear the brunt of the latest job axe, absorbing 3,000 job cuts. Only last October, loss-making Motorola announced 3,000 job cuts, again, mainly in the mobile phone business.

 

Special Reports

Recession with live stock updates

Redundancy with interactive map

 

The company expects to save $1.5bn this year from the cuts it announced last October and the latest job losses.

Motorola wants to sell off it mobile business to cut costs further, but in the present economic climate it is struggling to do so.