Motorola unveils 4,000 job cuts

Motorola has announced plans to shed an additional 4,000 jobs this year, as it continues efforts to reduce costs and reverse a fall in profits.

The world's second largest mobile phone-maker, US-based Motorola was already on target to complete 3,500 job reductions by the end of June.

It forecasts the combined job losses and other cost-cutting moves will save the firm $600m (£304m) a year.

Motorola has been losing market share to rivals amid tough price competition.

'Weak phone range'
Mobile phone analyst Lawrence Harris said Motorola was also handicapped by a weak range of phones.

"The extra job cuts will certainly help them return to profitability but it's not enough to get them to the double digit profit margins they seek," he said.

"They need exciting new products."

Back in January, Motorola announced that its fourth quarter profits fell 48% to $624m.