Motorola to cut 1,000 jobs worldwide
Chicago: Motorola Inc. will cut 1,000 jobs worldwide and take a charge of 50 million dollar for severance benefits as it completes the spinoff of its semiconductor division.

According to a Motorola spokesperson the company is eliminating 1,000 positions around the world to better align its work force to support seamless mobility. The majority of the job cuts are set to take place by the end of this week.

Motorola employs 88,000 people worldwide.

The cuts also include jobs in Motorola's commercial, government and industrial solutions component, the integrated electronic systems area and broadband communications, the company said in a filing with the Securities and Exchange Commission.

Motorola's spinoff of its semiconductor division - its second largest behind cell phones - is expected to be complete by the end of this year. The money-losing unit accounted for $1.5 billion (1.22 billion) of the company's $1.8 billion (operating loss in 2002).
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