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.
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Tags: Google , Internet , IT , Motorola , Research , South Korea , telecom , US
