Motorola to lay off 1,000 staff
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Motorola, the world's second largest mobile phone maker, is cutting 1% of its workforce but its core mobile phone operations will be unaffected.
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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 head of Motorola Inc.'s cell phone business resigned Friday, focusing new attention on a division whose performance has faltered after two years of success fueled by Razr handsets.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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Nortel Networks Corp. will lay off approximately 1,400 employees in the U.S. and about 950 in Canada, with those employees to be notified by the end of June 2005, the network equipment vendor said in a regulatory filing Thursday that fleshed out earlier announcements of the coming layoffs.
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Although Motorola Inc. announced it is cutting 1,000 jobs at its facilities worldwide, Chandler economic development officials Tuesday said the city should not see a negative impact at the company&#39;s two sites.
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Motorola Inc.  is planning to  sell $1.0 billion debt in a three-part offering as early as  Monday, said a market source familiar with the sale.
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Motorola Inc.  said on Friday that Ron Garriques, president of its Mobile Devices unit, has resigned effective immediately.
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Motorola Inc. MOT.N on Wednesday said  its No. 2 officer, who had been passed over for the chief  executive post, will resign at the end of January to seek a top  spot with another company.
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Telecommunications equipment maker Motorola Inc.  said on Tuesday that it would cut 1,000 jobs and take related charges of about &#36;50 million to focus on its wireless business.
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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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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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Chicago - Motorola will cut 1 000 jobs and take a charge of $50 million (R320.5 million) for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said.
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Motorola Inc. MOT.N, 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 day after announcing that 4,000 employees will be laid off, Motorola Inc. CEO Ed Zander told investors that he plans to boost profits with a wide range of multimedia handsets, instead of relying on a single blockbuster product like the Razr cell phone.
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As expected, Yahoo Inc   began carrying out lay-offs up to 1,000 employees on Tuesday,  as part of job cutbacks announced last month, several employees  at the company's headquarters said on Tuesday.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.