Motorola closing operations in South KoreaDecember 10th, 2012 in Technology / Business
A woman rides past a Motorola shop in downtown Ho Chi Minh City. Motorola Mobility confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year.
Motorola Mobility on Monday confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year.
"This was a difficult but necessary decision," Motorola said in an email response to an AFP inquiry.
"The changes in Korea reflect our plans to consolidate our global R&D efforts to foster collaboration, and to focus more attention on markets where we are best positioned to compete effectively."
California-based Google said in August that it would lay off about 4,000 employees at Motorola, which it purchased in a deal valued at $12.5 billion, in order to return the company to profitability.
(c) 2012 AFP
"Motorola closing operations in South Korea." December 10th, 2012. http://phys.org/news/2012-12-motorola-south-korea.html