Motorola closing operations in S. Korea as part of consolidation move
Published on Dec 11, 2012 6:17 AM
SAN FRANCISCO (AFP) - Motorola Mobility on Monday confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year.
"This was a difficult but necessary decision," Motorola said in an email response to an AFP inquiry.
"The changes in Korea reflect our plans to consolidate our global R&D efforts to foster collaboration, and to focus more attention on markets where we are best positioned to compete effectively."
California-based Google said in August that it would lay off about 4,000 employees at Motorola, which it purchased in a deal valued at US$12.5 billion (S$15.3 billion), in order to return the company to profitability.