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Motorola to Close Factory in Singapore |
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Written by Philip Buonpastore
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Thursday, 03 April 2008 |
SCHAUMBURG, IL - Motorola will close its handset factory in Singapore by the end of the year, cutting 700 jobs. According to Mary Lamb, company spokesperson, the company will start shutting down the facilities from the second quarter.
In an ongoing effort to cut costs, the decision is part of a "strategic review of business operations" the company said an e-mailed statement.
Company CEO Greg Brown said in January that the company would start cutting costs in order to bring down expenses by $500 million. He didn't say how many jobs would be affected.
Motorola will maintain its Asia-Pacific headquarters in Singapore, along with its research and software development centers also located there, according to the statement.
Videocon Group, the largest consumer electronics maker in India, is reportedly interested in the possible purchase of Motorola's mobile-phone business.
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