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Latest News

Mobile phone giants announce job cuts

by Personnel Today 15 Mar 2001
by Personnel Today 15 Mar 2001

Mobile phone giants Cable & Wireless and Motorola have
announced plans to cut 11,000 jobs worldwide including at least 2,000 in the
UK.

Cable & Wireless is to axe 4,000 jobs with half of the
cuts being made in the UK over the next 12 months.

Graham Wallace, chief executive of Cable and Wireless plc,
said, “Certain sectors of Cable and Wireless Global’s market are experiencing
severe price reductions.

“Our response is to reduce costs aggressively, focus our
resources on higher margin revenue and accelerate the deployment of value added
services, such as managed web and application hosting.”

Motorola has also announced its decision to axe a further
7,000 jobs in its personal communication sector bringing its total reduction in
workforce to 12,000 since December.

Details of where and when the job cuts will be have not yet
been announced.

An estimated 700 jobs could also be lost at Motorola’s
Swindon plant but the proposals are still subject to consultation.

www.motorola.co.uk

www.cwplc.com

By Ben Willmott.
Click here to respond

 

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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