Motorola will cut another 4,000 jobs as part of a plan to improve sagging financial and operational results, an Associated Press report said.
The latest round of cuts means the world's No. 2 handset maker has announced plans to eliminate more than 10% of its work force since the start of 2007, when it became clear that two years of strong momentum behind the popular Razr phone had collapsed, the Associated Press report added.
The report said the company already is in the process of eliminating 3,500 jobs as part of a two-year cost-cutting plan to save $400 million. Those layoffs, announced in January, are to be completed by June 30.
Quoting the company, the report also said Motorola will save another $600 million in 2008 by cutting 4,000 more workers, prioritizing investments and putting controls on discretionary spending and general and administrative expenses.
The company did not specify where the new cuts would be made, the report added.
The report quoted spokeswoman Jennifer Weyrauch as saying that eh job cuts will be achieved through a mixture of attrition and layoffs.
The company expects to take a restructuring charge of $300 million in 2007, from severance and related expenses from staff cuts, the report said.