Motorola is cutting another 9,400 jobs, more than 8 per cent of its work force in a push to return to profitability in 2002.
It aims to save at least $1 billion per year from 2003 following the cuts, with savings of almost $900 million in 2002.
The cell phone and semiconductor maker has now shrunk its work force by 32 per cent. There have been 42,900 layoffs and 5,500 jobs lost through sales of businesses since August 2000.
Although Motorola is sticking to its forecast for the fourth quarter it now believes its losses will be greater than expected in the first quarter of next year.
The latest round of job cuts, to be made over the course of the next year, include 4,000 from its semiconductor operations, 1,300 from its equipment manufacturing businesses and another 4,100 distributed companywide.
Company spokesman Mr Scott Wyman said they will take place across all Motorola's businesses and most geographic regions where it operates, including its headquarters in Schaumburg, Illinois. He declined to be more specific.
Motorola, the world's second largest mobile phone manufacturer and a leading computer chip maker, disclosed the cuts while confirming it is headed toward a fourth straight quarter in the red in the current three-month period, with operating losses about the same as estimated in October.
PA