Will reduce its workforce worldwide by approximately 4,000 positions across its three businesses within its Networks Sector

March 23, 2001

1 Min Read

SCHAUMBURG, Ill. -- Motorola, Inc. (NYSE:MOT - news) today announced additional efforts to reduce costs and position the company for long-term growth. The company will reduce its workforce worldwide by approximately 4,000 positions within its Networks Sector across its three businesses: the Commercial, Government and Industrial Solutions Sector (CGISS); the Global Telecommunications Solutions Sector (GTSS); and the Broadband Communications Sector (BCS). Motorola expects to record a charge against first- and second-quarter earnings, reflected as a special item, as appropriate according to generally accepted accounting practices.

"Motorola is making tough but deliberate and strategic business decisions in order to remain competitive in the slowing economy. 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," said Edward D. Breen, president of Motorola's Networks Sector. "The Networks Sector is committed to strengthening its position as a global leader in communication and information solutions and to providing customers with compelling new products and technologies that make things smarter and life better."


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