Troubled Motorola Inc. announced it would stop making cellphones in Singapore by the end of the year, resulting in 700 layoffs, according to a Reuters report.
A company spokeswoman disclosed that the decision follows a review of business operations, including the previously announced global $500 million cost-reduction plan.
Motorola will continue to base its Asia-Pacific headquarters for in Singapore where it also has research and software development units.
The company has previously announced plans to split into two publicly traded entities in 2009 to separate its sinking handset division from the rest of the business.
Tuesday, April 8, 2008
Motorola shuts down handset production in Singapore
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