Free Republic 2nd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $42,025
51%  
Woo hoo!! And now only $95 to reach 52%!! Thank you all for your continued support!! God bless.

Keyword: motorolainc

Brevity: Headers | « Text »
  • Motorola to Cut 7,000 Workers, Sees $3.5 Bln Charge

    06/27/2002 4:56:08 AM PDT · by GeneD · 3 replies · 257+ views
    Bloomberg.com ^ | 6/27/02 | Colleen McElroy and Bob Kuzbyt
    <p>Schaumburg, Illinois, June 27 (Bloomberg) -- Motorola Inc. plans to reduce its workforce by about 7,000 more jobs worldwide.</p> <p>Including the job cuts, Motorola expects to record $3.5 billion in restructuring charges, the company said in a statement.</p> <p>Motorola said it ``paid a significant escrow deposit'' for Iridium-related litigation and other measures that is estimated to be more than $500 million. The company expects a ``slightly positive operating cash flow'' in the second quarter. It wasn't more specific.</p>