Motorola to pare chip-division staff amid slow demand

Article Abstract:

Motorola Inc. announced that it is downsizing its semiconductor labor force by 12% or 4,000 jobs. The move comes as a result of the falling demand for the company's chips.

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Motorola posted loss of $533 million, as demand slipped in first quarter

Article Abstract:

Motorola Inc. posted a $533 million loss for the 2001 first-quarter. The company posted $448 million in net income during the same period in 2000.

Sales, profits & dividends, Communications Equipment, Communications Equipment Manufacturing, Finance, Telecommunications equipment industry, Telecommunications equipment

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Raytheon to trim aircraft unit staff by nearly 5%

Article Abstract:

Raytheon Co. announced that it would layoff nearly 5% of its commercial aircraft workforce. The company blamed the planned layoffs on output declines and the slowdown in the US economy.

Planning, Raytheon Co., Layoffs, RTN

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