Motorola to cut 1,000 jobs worldwide

[Renew Deal]

Upcoming chip unit spinoff and ongoing efforts to reduce operating costs lead to layoffs

By Stacy Cowley, IDG News Service September 28, 2004

Motorola (Profile, Products, Articles) Inc. is laying off 1,000 employees in conjunction with its upcoming chip unit spinoff and ongoing efforts to reduce operating costs, the company said Tuesday in a regulatory filing.

The Schaumburg, Illinois, communication technologies company said it will take a charge of $50 million to cover severance benefits. The job cuts will eliminate corporate positions connected with the separation of Motorola's semiconductor products group, now operating independently as Freescale Semiconductor Inc. Also affected by the cuts are Motorola's commercial, government and industrial solutions business; its integrated electronic systems group; its broadband communications unit, and assorted corporate functions, Motorola said.

Motorola ended 2003 with 88,000 employees worldwide, down 9 percent from the 97,000 employees it had a year earlier. In the first six months of this year, it laid off 1,900 people.
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http://www.infoworld.com/article/04/09/28/HNmototocut_1.html

[mhr]

1. Many Of The Previously Terminated Employees Have Yet To Find Jobs

I know several of these people.

Motorola in Austin to a huge portion of the last hit and will be hit again with this cut.