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07/09/2001
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”.
The latest jobs cuts will be made at the company's wireless infrastructure units by the end of the year, bringing the total number of job losses to 32,000, or 21.8 per cent of its total workforce at the end of 2000.
The latest job losses come just months after 3,000 staff lost their jobs when the firm closed its Bathgate plant in Scotland.
Motorola's announcement follows warnings by Swedish rival Ericsson and French Telecom equipment maker Alcatel.
Ericsson, the world's third biggest mobile phone maker, said on Tuesday a recovery in the telecoms industry was unlikely until after next year.
The statement kicked off another share selling spree in the sector. (MB)
While not confirming where the jobs would be cut, a spokesperson said that operations in the UK and Ireland were “all susceptible”.
The latest jobs cuts will be made at the company's wireless infrastructure units by the end of the year, bringing the total number of job losses to 32,000, or 21.8 per cent of its total workforce at the end of 2000.
The latest job losses come just months after 3,000 staff lost their jobs when the firm closed its Bathgate plant in Scotland.
Motorola's announcement follows warnings by Swedish rival Ericsson and French Telecom equipment maker Alcatel.
Ericsson, the world's third biggest mobile phone maker, said on Tuesday a recovery in the telecoms industry was unlikely until after next year.
The statement kicked off another share selling spree in the sector. (MB)
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Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
01 June 2004
CBI report 'undiminished' consumer spending surge
A CBI report on retail sales has found that consumers' appetite for spending is "undiminished". According to quarterly Distributive Trades Survey, published today, retail sales grew in May at their fastest rate for two years and are expected to be almost as strong this month.
CBI report 'undiminished' consumer spending surge
A CBI report on retail sales has found that consumers' appetite for spending is "undiminished". According to quarterly Distributive Trades Survey, published today, retail sales grew in May at their fastest rate for two years and are expected to be almost as strong this month.
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