Burger Flipper User ID: 137330 United States 01/22/2007 02:28 PM Report Abusive Post Report Copyright Violation | 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
E-mail this to a friend Printable version 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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 137330This is good here, but maybe it needs its own thread? |
Anonymous Coward User ID: 163242 United States 01/22/2007 04:08 PM Report Abusive Post Report Copyright Violation | 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. |