cell phone division . The company will postpone the planned spin-off of the unit, and cut more jobs.
The maker of communications gear said it would get rid of 3,000 jobs by April, with about 2,000 of them coming from the cell phone unit. The company last announced 2,600 job cuts in April. Motorola lost $397 million, or 18 cents per share, in the July-September period. It had earned $60 million, or 3 cents per share, in the same period a year ago.
Full Story: Motorola posts $397M 3Q loss; more job cuts (AP)
The maker of communications gear said it would get rid of 3,000 jobs by April, with about 2,000 of them coming from the cell phone unit. The company last announced 2,600 job cuts in April. Motorola lost $397 million, or 18 cents per share, in the July-September period. It had earned $60 million, or 3 cents per share, in the same period a year ago.
Full Story: Motorola posts $397M 3Q loss; more job cuts (AP)
