SAN FRANCISCO Dec 30 Mobile phone maker
Motorola Inc MOT.N said on Tuesday it will lay off 400 more
employees in the fourth-quarter than it originally planned,
resulting in additional charges.
In October, Motorola announced a cost-reduction plan that
included cutting a total of 3,000 jobs, with 1,500 coming in
the fourth quarter. The change means 1,900 will be in the
fourth quarter although the overall total will not change.
The plan is intended to save the company $800 million in
2009. The fourth-quarter job cuts, primarily from the mobile
devices segment, were expected to result in charges totaling
In a filing with the U.S. Securities and Exchange
Commission Tuesday, the company said it has since approved
plans to cut another 400 jobs in the quarter. Motorola now
expects $189 million in charges in the period related to its
In the filing, Motorola said "all of the company's business
segments, as well as various corporate functions, are impacted
by these plans."
Earlier this month, Motorola said it would suspend
contributions to its 401(k) worker retirement plan, freeze its
pension plan, stop some pay increases and cut the salaries of
its two top executives.
Shares of Schaumburg, Illinois-based Motorola closed up 11
cents at $4.16.
(Reporting by Gabriel Madway; editing by Gunna Dickson)