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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7 Comments

1. phillipxenxciel

Posts: 14; Member since: Jul 23, 2008

motorola is not quality builder already(not my opinion but my customers), this move is gonna mess up, really bad

2. vzw fanman

Posts: 1976; Member since: Dec 11, 2008

i agree, and the moto krave sucks!

6. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

What are you talking about? Quality? Ha, just look at that marvelous wonder of a cell phone they released fetching a cool $2000! Now that's quality for ya! *smacks forehead with hand* One would actually think they would have thought that one through before release given the current GLOBAL economic situation, sheesh! I think it's total FAILS like the aforementioned one, especially given the poor timing economically, that deserve to put Moto out of biz. I say let them fall, just like we should let the big three automakers here in the U.S. fall. If a biz can't function on it's own, then it shouldn't exist in a free market!

7. Legion

Posts: 397; Member since: Dec 12, 2008

"If a biz can't function on it's own, then it shouldn't exist in a free market!" Exactly, since when did all the capatalists forget how capatilism works?

3. Mayday3420

Posts: 61; Member since: Dec 11, 2008

They have stopped making a quality product a long time ago. All their pieces of equipment are absolutely terrible. How do you expect to compete when you throw out trash for people to use. Now not only are they still producing trash for customers they are screwing over their employees. They really need to revamp their entire thought process. This really is just sad and I feel sorry for their employees.

4. ROOTorTOOT

Posts: 1; Member since: Dec 17, 2008

i hope Motorola gets better, i like their products

5. SilverPearl

Posts: 31; Member since: Jul 08, 2008

I also hope they straighten themselves out. They definitely do need to rethink their approach to cell phones. The only current model they have out that I lean towards is the RIZR... seems to be selling/working well for our customers.

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