Sunday, April 6, 2008

Motorola to Shut down Singapore Plant

Motorola is going to shut down its plant in Singapore. The US based widely know mobile phone manufacturer is now aiming at reducing its cost $500-million globally as the company going through a tough time now. With this move, 700 employees would lose their job. The company would start to close down its Singapore plant during the second quarter of this year which will be completed by the end of this year. Motorola said lat month that the company would split into two independent companies in order to revive its dominance in the market.

Hindustantimes reported:

"Motorola confirms that as, part of its strategic review of business operations, the company will begin a phased transition of its mobile phone manufacturing operations from Singapore to other Motorola facilities worldwide," company spokeswoman Lynn Chan said.

"This transition will enable Motorola to align the organisational structure with long-term plans to drive the business while continuing to provide its customers with high-quality products and services," she said.

However, Motorola confirmed that Singapore would remain as regional headquarters for software development, research and development, and business and corporate functions. Motorola lost its market share significantly over the last year. It was once the second largest mobile phone maker after Noika, but failed to hold on there being lost the place to Samsung. Now, Motorola is aiming to come back again with full swing, but this time Motorola wants to come with making its ground strong enough to face any challenge in the global market.

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