Cost cutting plans in line for Motorola

Cost cutting plans in line for Motorola
It's becoming more of a dreary scenery over in Motorola land. They announced today on plans for reducing costs during this period of economic global challenge. Don't look now if you're a current employee of the once mighty phone manufacturer, but the plans commences on the first day of the new year. Some of the cost cutting announcements include permanently freezing its U.S. pension plans, no more matching contributions for 401k plans, and no salary increase for some of its employees. Motorola will need as much capital in order to survive this already competitive environment.

source: Motorola


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