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Motorola cuts 4,000 more jobshttp://www0.mercurycenter.com/breaking/headline2/AA12666.htm
Posted at 6:49 a.m. PST Friday, March 23, 2001
SCHAUMBURG, Ill. (AP) -- Motorola Inc. on Friday announced it is cutting 4,000 more jobs, bringing the total eliminated companywide since December to 22,000.
The latest cuts are in Motorola's networks sector, which provides broadband and wireless communications products and systems.
``Motorola is making tough but deliberate and strategic business decisions in order to remain competitive in the slowing economy,'' Edward D. Breen, president of Motorola's Networks Sector, said in a statement.
``Unfortunately, reductions have been necessary for us to improve financial performance, and this is something that we will have to continually evaluate as we monitor market and economic conditions,'' Breen said.
The cuts will come within three businesses in Motorola's Networks Sector: the Commercial, Government and Industrial Solutions Sector; the Global Telecommunications Solutions Sector; and the Broadband Communications Sector.
-- Swissrose (cellier3@mindspring.com), March 23, 2001