Archive for Saturday, February 10, 2001

Motorola to eliminate more jobs

February 10, 2001


— Motorola said Friday it will cut as many as 4,000 jobs, or about 3 percent of its work force, from its semiconductor operations by the end of the year its third round of cuts in 10 weeks.

Motorola, the world's No. 3 maker of semiconductors and No. 2 maker of cellular phones, has been suffering from a slowdown in the semiconductor market and falling profitability in its wireless-phone operations. While semiconductor sales rose 7 percent in the fourth quarter to $1.9 billion, totaling $7.9 billion for the year, orders slipped by 19 percent.

Last month Motorola eliminated 2,500 jobs at its wireless-phone manufacturing plant in Harvard, Ill., and in December disclosed 2,870 layoffs in Iowa, Florida and Ireland as part of a shift to outsource more wireless-phone production.

No specific locations for the job cuts were announced. Motorola said the reductions were aimed to boost efficiency and profitability. Motorola shares fell 92 cents to $18.90.

Commenting has been disabled for this item.