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Posts with tag job cuts

Nokia to pay German state €1.3 million to settle Bochum dispute

by Darren Murph, posted Jul 28th 2008 @ 10:24AM

Germany wanted $6.2 million in research subsidies back from Nokia, and in addition to the "tens of millions" that the company has already relinquished after the highly-disputed Bochum plant closing, it'll be coughing up another €1.3 million ($2.04 million) to hopefully close the door on the matter. Said payment will be addressed to North Rhine-Westphalia, which was quite angry after the handset maker decided to hack 2,300 jobs from Germany and relocate operations to Romania for "lower labor costs." The sum here is in addition to the €20 million "Growth for Bochum" foundation that the outfit started, but apparently that show of goodwill didn't really change the hearts of those already bitter.

[Via PhoneScoop, image courtesy of Reuters]

Samsung 'restructuring' handset division, hints at Armani partnership

by Darren Murph, posted Aug 3rd 2007 @ 5:15PM

In the wake of increased competition from Motorola and Nokia in particular, Samsung is reportedly "restructuring its handset division," which will aim to find "new sources of revenue, realigning businesses, and cut costs." As expected, the move will also involve a number of "personnel reshuffles," but a Samsung spokesman was quoted as saying that there won't be any "forceful" job cuts. Interestingly, we're hearing further details that the firm is indeed courting the idea of partnering with "luxury name brands such as Italian fashion house Armani to develop premium brand phones," and considering just how hot avant-garde mobiles have been of late, we certainly don't think that's a bad idea.

[Via JustAMP]

Palm axes some jobs

by Chris Ziegler, posted Jun 26th 2007 @ 7:18PM

In the wake of Palm's sale of a quarter stake to Elevation Partners, the company is axing an unspecified number of jobs in an effort to flatten its "organizational hierarchy." Though it wouldn't specify how many jobs were getting cut, they're apparently in the development group (from a casual observer's perspective, development seems like the wrong place to cut jobs when your best-selling products are mildly tweaked versions of years-old designs, but we're just bloggers -- what do we know?). For what it's worth, Palm points out that the cuts are just the final stages of a reorganization that's been in the works for some time now and predates the Elevation deal. No faith that you're gonna need engineers around for a Foleo 2, guys?

[Via the::unwired]

Motorola cuts another 4,000 jobs

by Chris Ziegler, posted Jun 4th 2007 @ 10:06AM

Recognizing that its first round of 3,500 job cuts wasn't enough to bring it back into the black, Moto has announced -- as expected -- a second round of layoffs to the tune of 4,000 axed positions. Ultimately, the company expects to save $600 million from the new cuts after they've been bunched in with "prioritization of investments, continuing discretionary-spending controls, general and administrative expenses and site rationalization" (whether any of that verbage actually means anything, we don't know, but it certainly sounds frugal). For the record, the first 3,500 cuts are apparently on track to be completed by June 30, but with newly-announced "restructuring charges" totalling $300 million, it's anybody's guess whether these moves are ultimately going to make America's only top five manufacturer profitable again.




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