Motorola announced that its previously announced workforce reduction of 3,500 will be completed on schedule by June 30 and the company is on target to achieve the $400 million in annualized cost savings that it forecast in January. In addition, Motorola aims to achieve another $600 million in annualized cost savings in 2008 through a combination of an additional workforce reduction of approximately 4,000, prioritization of investments, continuing discretionary-spending controls, general and administrative expenses and site rationalization.
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