US technology giant Motorola is to cut another 7,000 jobs, or seven per cent of its workforce, in the latest in a series of cost-cutting moves.
The bulk of the jobs will go in the company's US operations with the remainder split between Europe and Asia, according to the company. There were no details of how many jobs will go in the UK.
The cuts are the latest in a long line of headcount reductions at the company. In less than two years, Motorola has reduced its workforce from 150,000 in August 2000 to roughly 100,000. The latest cuts will reduce the figure to 97,000.
All the cuts have been part of a massive two-year restructuring programme aimed at returning the company to profitability. Motorola said it remains on track to return to operating profitability in the second half of the year.
Chairman and chief executive Christopher Galvin explained that the latest cuts will return Motorola to its approximate size in the mid-1990s. "The era prior to the excesses of the telecoms and dotcom booms," he said.
Charges associated with its latest restructuring will be about $3.5bn, with 90 per cent of it expected to come in the current quarter and the rest to follow in the second half of the year.
Motorola said that its wireless infrastructure would take the bulk of the cuts with around 3,000 jobs set to go. Wireless is Motorola's third-biggest business behind mobile phones and semiconductors.
The announcement of the losses comes the day after Motorola said it would outsource much of its semiconductor production to foundry partner Taiwan Semiconductor Manufacturing Corp.
The rest of the cuts will affect all business segments and corporate headquarters.
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