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Motorola Firing 400 More Workers (MOT)

razrs.jpgMotorola (MOT) will fire another 400 employees to cut costs, the struggling cellphone maker said today in a SEC filing. That'll be another $25 million in Q4 severance charges.

That's in addition to the roughly 1,500 employees Motorola decided to fire in October. So since the beginning of last year, Motorola has announced some 12,000 job cuts.

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Earlier this month, Motorola said it'll permanently freeze pension plans, temporarily stop matching employees' 401(k) contributions, and not offer salary increases in 2009.

It originally planned to spin off its money-losing cellphone business but next year, but has indefinitely postponed the split.

See Also:
Newsweek's 1997 Gadget Shopping List: Merry Christmas Past!
RIM: Motorola Won't Let Us Hire Its Laid-Off Workers
Motorola Cuts Benefits While Market Share Droops

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