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Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues

 
Burger Flipper
User ID: 137330
United States
01/22/2007 02:28 PM
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Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
Last Updated: Friday, 19 January 2007, 15:56 GMT

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3,500 to go in Motorola jobs cull

Squeezing profits out of mobile phones is getting hard for Motorola
Motorola, the world's number two mobile phone maker, will shed 3,500 jobs in an effort to stem falling profits.
Chief Executive Ed Zander revealed the job cuts after profits at Motorola almost halved in the three months to the end of 2006.

Fourth quarter profits tumbled 48% to $624m (£316m; 482m euros) from $1.2bn at the same time last year.

The fall in profits reflects cuts in mobile phone prices and tougher competition among premium products.

Illinois-based Motorola has 23% of the global mobile phone market, but lags behind Finland's Nokia.

Price pressure

Motorola blamed "an unfavourable geographical and product-tier mix" for the decline in profits.

Mr Zander said the fourth quarter of 2006 had been disappointing.

Profits at the group declined despite a 23% increase in the number of handsets it shipped in the quarter, underlining the price pressures faced by mobile phone makers.

The company shipped 66 million handsets during the period.
Mona Lisa
User ID: 165567
Switzerland
01/22/2007 02:30 PM
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Re: Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
But they speak of boooooooooooooooooooming Economy, all shit (plastic shit) believe me.
Ther real human core business is agriculture, housing, craftmanship and metal fabrication
Anonymous Coward
User ID: 185624
United States
01/22/2007 02:31 PM
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Re: Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
See, Supply Side economies do produce jobs.
Anonymous Coward (OP)
User ID: 137330
United States
01/22/2007 02:56 PM
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Re: Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
Wolseley set to axe 2000 US jobs
BBC News - 6 hours ago
Building material supplier Wolseley is axing about 2000 US workers because of a housing market slowdown in America. The group, known in the US for its Build Center and Plumb Center brands, said most cuts would be made through shop closures.
Wolseley says will beat rivals despite lower profit Scotsman
US slowdown hits Wolseley MSN Money
Forbes - Reuters.uk - RTE.ie - Houston Chronicle
all 37 news articles »
Anonymous Coward
User ID: 184182
United States
01/22/2007 03:05 PM
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Re: Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
Wolseley set to axe 2000 US jobs
BBC News - 6 hours ago
Building material supplier Wolseley is axing about 2000 US workers because of a housing market slowdown in America. The group, known in the US for its Build Center and Plumb Center brands, said most cuts would be made through shop closures.
Wolseley says will beat rivals despite lower profit Scotsman
US slowdown hits Wolseley MSN Money
Forbes - Reuters.uk - RTE.ie - Houston Chronicle
all 37 news articles »
 Quoting: Anonymous Coward 137330


This is good here, but maybe it needs its own thread?
Anonymous Coward
User ID: 163242
United States
01/22/2007 04:08 PM
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Re: Pfizer cuts 10,000 jobs; Motorola does same to 3,500 as corporate job cull continues
Any job loss is a sad event.

They all have family, bills and babys.

Not so easy just to Re-start.





GLP