Motorola said on Wednesday it will also freeze the salaries of an unspecified number of other employees in many of its markets.

Co-CEOs Greg Brown and Sanjay Jha will take a 25 per cent cut in their base salary in 2009. Mr Brown will also forgo any 2008 cash bonus earned under the company's incentive plan. Mr Jha's employment contract provides for a guaranteed cash bonus for 2008, but it will also be reduced voluntarily.

The company says it is taking these measures to address the global economic turmoil. -- AP