Motorola closing operations in South Korea
Agence France-Presse
SAN FRANCISCO—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 e-mail 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.
Other Stories:
Recent Stories:
James Gandolfini , 51 36 mins elapsed
4 shot, 3 dead at US condo shooting 42 mins elapsed
John Paul II moves a step closer to sainthood 47 mins elapsed
A title, and legacies, on the line for Heat, Spurs 1 hour elapsed
Microsoft changes Xbox One policies after outcry 1 hour elapsed
Arellano looks to continue strong preseason play 2 hours elapsed
UN: Resources should finance development not war 2 hours elapsed
Pagasa loses chief to greener pasture 3 hours elapsed
Tags: Google , Internet , IT , Motorola , Research , South Korea , telecom , US
