News Articles

Friday, October 5, 2012

Motorola Mobility to broaden its restructuring

Image

Motorola Mobility has updated its August announcement that around 20% of staff were to lose their jobs.

An official filing with the US Securities and Exchange Commission notes that “Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.”

However, the company hasn’t confirmed which countries are going to be affected.

In addition, the document says “Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant.”

The redundancies are currently expected to cost Motorola approximately $300 million - more than previously expected - with another $90 million to cover the cost of exiting some markets and closing facilities.

[SEC form]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 6471

Tags: motorola

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«April 2024»
MonTueWedThuFriSatSun
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345

Archive

Terms Of Use | Privacy Statement