Motorola to axe 7,000 jobs after losing £1bn
US technology giant Motorola is axing another 7,000 jobs as it confirmed it is headed for a fourth straight money-losing quarter.
The announcement came a day after the mobile phone and semiconductor manufacturer reported a £1bn loss for last quarter.
Faced by a weakened economy and slower industry growth in worldwide mobile phone sales, Motorola already this year had announced 32,000 job cuts to a work force that stood at 147,000 last December.
President and chief operating officer Robert Growney said: "Motorola will continue to take appropriate cost-reduction actions," he said.
