Motorola closing operations in South Korea
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
Citation:
Motorola closing operations in South Korea (2012, December 10)
retrieved 19 April 2024
from https://phys.org/news/2012-12-motorola-south-korea.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
