Reuters: Technology News: Google warns of more cuts at Motorola, third-quarter cuts to cost $340 million

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Google warns of more cuts at Motorola, third-quarter cuts to cost $340 million Oct 4th 2012, 10:46 Tweet Share this Email Print Google Chairman Eric Schmidt speaks at a Motorola phone launch event in New York, September 5, 2012. Credit: Reuters/Brendan McDermid Thu Oct 4, 2012 6:46am EDT (Reuters) - Google Inc said planned job cuts at its Motorola Mobility mobile phone unit will cost about $340 million in severance and other costs in the third quarter and it warned of further restructuring. "Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.," the company said in a statement. "Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant." The Internet search giant said in August that it would cut 20 percent of jobs at Motorola Mobility, which it bought for $12.5 billion last year, as it moves to make more smartphones and fewer simple mobiles. (Reporting by Neha Alawadhi in Bangalore; Editing by Rodney Joyce) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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