Motorola Mobile Will Cut 800 Jobs, Involve Fee Of $31 Million

New York (I-Newswire) October 31, 2011 - According to Kokin James, PR manager for the China wholesale company buyechina ( http://www.buyechina.com ), MOTOROLA Mobility Holdings Inc. Will cut 800 employees, expects Loss of $31 million.

Kokin James, PR Manager for electronic gadgets supplier Buyechina said that in submitted to the United States securities and exchange commission file, the layoffs cost $27 million including pre-tax fired fee and $4 million for closed equipment fee, these charges will be included in this quarter earnings. The company said the layoffs is already approved in October 24. In Google acquisition MOTOROLA mobile work is completed, the MOTOROLA mobile is reduced costs. Google the purchase transaction is announced on August 15. Motorola Mobility Holdings Inc. Spokeswoman Jennifer Weyrauch-Erickson said, "through the take management company cost measures, Motorola continue to focus on improving their financial performance."

On October 27, Motorola Mobility Holdings Inc. Released quarterly financial statements that better than analysts expected, this third quarter revenue increase by 11% to $3.26 billion. However, the company is still in a loss situation, but from last year's loss of $34 million in the same period is reduced to 32 million us dollars, $11 cents loss per share.

According to Buyechina china phone( http://www.buyechina.com/cell-phones_c18 ) pr manager Kokin James, the reason why Google acquisition Motorola Mobility Holdings Inc., is because want to get the Motorola patent to get into the mobile hardware business. Google CEO Larry page say, Google will use a MOTOROLA mobile as high as 17000 patents to protect Android supporters, solving legal dispute between Android and apple or Microsoft.

Company introduction
MOTOROLA mobile technology company is the original MOTOROLA phone departments and set-top box split, based in the United States. MOTOROLA mobile technology by two big industry leading global business department is composed. Among them the mobile terminal to offer innovative business intelligent terminal, and meet the needs of different ways of life. MOTOROLA family is a leading provider broadband business department for digital set-top boxes and end-to-end video solution. It is reported, MOTOROLA mobile technology in the world with more than 20000 employees, has won and is applying for patent of 24500 items.

About Wholesale electronics:
www.buyechina.com is one of the biggest online China supplier in Asia, committing itself to build a worldwide supply shop online. Our company was originally set up in Shenzhen , China in 2007, aiming to operate the business-to-customer transactions with overseas consumers.

Company Contact Information
Wholesale electronics
Kokin James
2914 JieJia ShenNan Road, shenzhen, guangdong, China
518000
Phone : 86-755-8395-9725