Google warns Motorola cuts will cost more than expected

Google Inc revised up the bill for job cuts at its money-losing Motorola Mobility mobile phone unit in the third quarter and warned of further restructuring that may result in “significant” additional charges.

Google raised its estimates for severance-related charges 9% to US$300 million from US$275 million and warned it faced another US$40 million in other costs in the quarter to quit facilities and markets.

“Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.,” the company said in a statement.

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- Posted: 2012-10-04 13:51:22

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