Motorola said Wednesday it will slash 1,900 jobs worldwide in an effort to boost profits.
The mobile-phone manufacturer said the job cuts will be spread across 20 countries. One of the facilities that will be affected is Motorola's manufacturing plant in Sough Korea.
The Schaumburg, Ill.-based company's third-quarter earnings results will be announced Oct. 18.
Copyright 2005 by United Press International
Related stories:
Struggling Alcatel-Lucent names new top executives
(AP) -- At Britain's BT Group, Ben Verwaayen was lauded for transforming the money-losing phone company into a profitable and aggressive leader in broadband Internet access.
Vodafone executive pays raise eyebrows
It's been a tumultuous few months at the world's biggest mobile phone group, as Vodafone executives dealt with a very public dispute amongst themselves earlier this year, while the company embarked on a considerable corporate restructuring program. Meanwhile, investors have been disappointed with Vodafone's most recent lackluster earnings.
In Brief: U.K. cable firm NTL expected to slash jobs
British cable television major NTL was expected to announce the elimination of some 6,000 jobs Monday, many of which will be outsourced to India.
Europe's telecoms remain on toes
The rapid change in Europe's telecommunications industry stepped up further as Swisscom acknowledged Wednesday it was in talks with Ireland's Eircom for a potential buyout.
Deutsche Telekom to slash 19,000 jobs
Deutsche Telekom said Wednesday it will slash about 19,000 jobs over the next three years.
Nano World: Super-insulating frozen smoke
The world's best thermal insulators, aerogels made of necklaces of nanometer-sized beads, are starting to find their way into flexible, lightweight sheets in everything from attack helicopters to snowboarding jackets.
High hopes for Sony's cut-throat plans
When Howard Stringer took over the helm of Japanese electronics giant Sony in June, many expected the Welsh national to be merciless in sacking people and closing down factories in an effort to boost profits.
Apple, Motorola, Cingular Launch First Mobile Phone with iTunes
Apple, Motorola and Cingular Wireless announced the availability of the world’s first mobile phone with iTunes, enabling music lovers to transfer up to 100 of their favorite songs from the iTunes jukebox on their Mac or PC to their mobile phone.