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RD Today => All the News => Business News => Topic started by: chris on December 17, 2008, 04:59:41 PM

Title: Reuters: Motorola cuts benefits to boost $800 million savings
Post by: chris on December 17, 2008, 04:59:41 PM
Motorola cuts benefits to boost $800 million savings
      


NEW YORK (Reuters) - Embattled cell-phone maker Motorola Inc  is suspending its contributions to its 401(k) worker retirement plan, stopping some pay increases and reducing the salaries of its two top executives to cut costs.<div class="feedflare">
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http://feeds.reuters.com/~r/reuters/businessNews/~3/HP01nc8uE4o/idUSTRE4BG4OT20081217