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Dial 'C' for cuts

Motorola Inc. (NYSE:MOT) , which has a cable-TV equipment business in Horsham, disclosed specifics on the cost of job cuts in 2007. It took charges of $311 million for the severance of about 5,100 employees during the first nine months of the year. Now it plans to take a net pre-tax charge of $90 million for the severance of an additional 1,600 workers.

Posted by phillyinc on January 4, 2008 8:42 PM |

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