Motorola announced it plans to cut another 4,000 jobs, or about 6 percent of its workforce, and warned that weaker-than-expected handset sales would lead to a fourth-quarter loss.

Motorola said 3,000 jobs would be eliminated from its handset unit, while another 1,000 jobs would be cut from the rest of the company. The cuts announced Wednesday are in addition to 3,000 job cuts Motorola announced in October as part of a broader restructuring that also halted the launch of many upcoming phones.

Motorola expects the latest cost-cutting to result in $700 million in new savings, which brings the total projected savings to $1.5 billion for 2009. The company also warned that its fourth-quarter revenue would come in between $7 billion and $7.2 billion, short of the $7.5 billion analysts had been expecting.

Motorola, which has seen its global handset market share steadily decline, reported sales of 19 million phones, down from 25.4 million in the third quarter and 40.9 million in the fourth quarter of 2007.

By: DocMemory
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