Motorola Mobility plans 800 layoffs: report

Posted by | Posted in Business News | Posted on 28-10-2011

Motorola Mobility Holdings Inc. plans to cut 800 jobs, it reported in a regulatory filing.

The Libertyville-based mobile-phone maker expects the job cuts will cost it $31 million, according to a filing with the Securities and Exchange Commission, which was reported by Bloomberg.

In August Google Inc. agreed to buy the company for $12.5 billion.

A spokeswoman said in a statement, “Motorola Mobility continues to focus on improving its financial performance by taking actions to manage the company’s costs.

She said the moves are unrelated to the Google acquisition.

According to a report earlier this year in the Chicago Tribune, Motorola Mobility can trim hundreds from its workforce and not endanger the $100-million-plus incentive program from the state to keep its headquarters in Illinois.

The cell-phone maker agreed to keep 3,000 jobs here when the incentive deal was announced in May. But the agreement with the state calls for Motorola Mobility to maintain a workforce of 2,500, the paper reported. It said the cell phone maker employed a total of 3,290 at its Libertyville headquarters and in Chicago.

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