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Motorola is planning to shut down its operations in India and across Asia Pacific, according to a latest report from BGR India.
?It will shrink operations in Asia and India, and centre research and development in Chicago, Sunnyvale and Beijing,? Motorola?s new Chief Executive Dennis Woodside had stated in an interview recently. Woodside indicated that the company would exit unprofitable markets, and stop making low-end cellphones.
?From the way things look like, only those employees who are working on projects related to products in the US will retain their jobs. Motorola will continue to sell its products till stocks last and its service centers will continue to function. Independent real estate companies have confirmed that Motorola?s Hyderabad R&D facility property has been put up for sale. In the APAC region, the company will shut shop in all countries except Australia and Korea,? the BGR report adds.
Google acquired Motorola Mobility last year to bolster its capabilities in the mobile market. The downsizing is aimed at reinventing Motorola, and reviving its sagging fortunes. -Buzzom
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Source: http://www.technoholik.com/news-business/motorola-to-shut-down-its-operations-in-india/3966
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