Motorola says to cut 4000 more jobs

Motorola, the world's second-biggest mobile phone maker, said it expects to cut an additional 4,000 jobs, bringing the total to 7,500 this year, as it works to reduce costs to return to profit. Motorola posted a first-quarter loss on weak phone sales. The latest cuts, which will be made by the end of the year, bring the total reductions to more than 11% of Motorola's work force of 66,000 at the end of 2006.

The company, which expects to complete its previously announced 3,500 job cuts by June 30, forecast $600 million in annual cost savings in 2008 as a result of the additional job cuts, other spending controls and site rationalization. Motorola, which has been losing market share to rivals such as market leader Nokia due to a lack of advanced phones and tough price competition, said in April that it would announce additional cost-cutting plans by June.

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