19/12/2001

Motorola to cut over 9,000 jobs worldwide

BBC News has reported that US telecoms equipment maker Motorola is to cut 9,400 jobs worldwide over the next 12 months.

The BBC has reported that this latest round of restructuring will hit 4,000 staff at its chip making plants as well as 1,300 workers in its equipment factories. That comes on top of 4,100 workers elsewhere in the company who have already been told that their jobs are to go.

However, while it has been confirmed that the company will close down more of its chip making factories, it is still uncertain how many jobs will be lost in the UK.

The company hope to save at least $1bn per year from 2003 by implementing the cuts, with estimated savings possibly reaching almost $900m next year.

The announcement means the total cutbacks from Motorola for the year have reached over 48,000, although some of these jobs have been transferred to other companies. (MB)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

20 April 2004
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
07 September 2001
Motorola confirm 2,000 jobs to go
Motorola has confirmed it is set to cut 2,000 jobs as the global downturn continues to depress the telecoms industry. While not confirming where the jobs would be cut, a spokesperson said that operations in the UK and Ireland were “all susceptible”.
23 September 2002
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
20 May 2003
Gallaher to cut 175 jobs in Co Antrim
Cigarette maker, Gallahers is set to cut 175 jobs at its factory in Co Antrim. The company said the decision, which will be part of an overhaul of its European operations, would mean the company would also have to close down its factory in Dublin.
05 September 2001
British Airways poised to cut 1,800 jobs by end of financial year
British Airways has informed unions of plans to cut 1,800 jobs by the end of the financial year. The company announced they would aim to achieve the reduction through voluntary redundancies and natural wastage. However, a spokesman said they could not rule out compulsory redundancies.