Motorola to shed 1,000 jobs
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Telecoms equipment maker Motorola said that it is cutting 1,000 positions globally as it completes the spin-off of its former chip unit, now known as Freescale Semiconductor.
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Motorola Inc  said on Wednesday  it will post an operating loss in the current quarter as  recovery in its cell phone business is taking longer than  expected, dashing Wall Street expectations for a profit and  sending its shares down as much as 14 percent.
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Bayer, the German chemicals and pharmaceuticals specialist, plans to axe 1,000 jobs at its Berlin-based drug maker Schering, the daily Der Tagesspiegel reported in an advance copy of its Monday issue.
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SEPTEMBER 28, 2004 (REUTERS) - Telecommunications equipment maker Motorola Inc. said today that it would cut 1,000 jobs and take related charges of about $50 million to focus on its wireless business.
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Motorola Inc., the world's No. 2 maker  of cell phones, on Tuesday said it would cut 1,000 jobs in  three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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The layoffs come as Motorola completes the spinoff of its semiconductor division. Also: Akimbo Systems signs a deal for content from Time Warner's Turner Broadcasting System & hellip;. PalmSource introduces a smart phone operating system & hellip;. and more.
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Motorola said yesterday it would cut 1,000 jobs, as the company continues to refocus on its core mobile phone business. It said some positions being cut were related to the Freescale Semiconductor division that Motorola is in the process of spinning off.
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.
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Motorola Inc. , the world&#39;s  second-biggest mobile phone maker, said it expects to cut an  additional 4,000 jobs, bringing the total to 7,500 this year,  as it works to reduce costs to return to profit.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday.
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Telecommunications equipment maker Motorola Inc. said Tuesday that it would cut 1,000 jobs and take charges of about $50 million for severance benefits as part of a drive to increase productivity.
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Motorola may spin off its handset business, the weakest part of a wireless giant that has seen hard times and a management shakeup in recent months.The company is &quot;exploring the structural and strategic realignment of its businesses to better equip its Mobile Devices Business to recapture global market leadership and to enhance shareholder value,&quot; Motorola said in a statement Thursday. &quot;The company&#39;s alternatives may include the separation of Mobile Devices from its other businesses.&quot;The handset unit has had trouble coming up with a successor to the popular Razr phone, and in last year&#39;s third quarter it fell to third place in worldwide sales behind Samsung. But spinning off the division, which forms the largest part of Motorola&#39;s business, would be a drastic move.Motorola had 13 percent of the worldwide handset market in last year&#39;s third quarter, down from a 21 percent share a year earlier, according to Gartner. Samsung had 15 percent and Nokia 38 percent.Thursday&#39;s announcement doesn&#39;t guarantee the handset business will be spun off. CEO Greg Brown said in the statement that Motorola was exploring ways in which the unit can recover faster and retain and attract talent, plus help shareholders &quot;realize the value of this great franchise.&quot;In its fourth-quarter results announced last week, Motorola said the Mobile Devices Business lost $388 million on revenue of $4.8 billion, down from a profit of $341 million on revenue of $7.8 billion a year earlier. Fourth-quarter sales were up in both the Home and Networks Mobility group, which makes set-top boxes and wireless infrastructure, and in Enterprise Mobility, which benefitted from&#160;Motorola&#39;s acquisition of Symbol Technologies&#160;early last year.Motorola as a whole lost $49 million for the year.&#160;CEO Ed Zander stepped down in late November, replaced by Brown.
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Stepping up an overhaul of its big technology services business, high-tech conglomerate IBM Corp. yesterday notified 1,570 employees worldwide that their jobs are being eliminated.
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Motorola is realigning its business after slashing its cell-phone sales forecast. The news comes days before its
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as its cell phone business is taking longer than expected to turn around, dashing Wall Street hopes for a profit and sending its shares down 20 percent.
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Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
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Motorola Inc. announced Tuesday plans to cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits. The job cuts are part of a restructuring resulting from the spin off of its semiconductor division into Freescale Semiconductor.