Motorola Mobility to slash 4,000 jobs
August 14 , 2012
Mobile phone maker Motorola Mobility is to slash 4,000 staff worldwide in a bid to return to profitability.
The job losses are the equivalent of 20 percent of its workforce.
Two-thirds of the jobs will go outside the U.S. with the cost of severance packages expected to be $275 million.
The firm, which was bought by Google last year, plans to close or merge about a third of its 90 facilities including offices and factories.
The US-based firm also announced it was to shift away from low-cost non-smartphones to "more innovative and profitable devices".