Mobile phone giants announce job cuts

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

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.

By Ben Willmott.
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