News In Brief
Motorola will cut as many as 4,000 jobs from its semiconductor business in response to falling demand for its products, the company announced Friday. The reduction, affecting about 12 percent of the workforce in that division, is the third round of job cuts announced by the Schaumburg, Ill.-based electronics giant since Dec. 9. In all, 9,100 positions have been or will be eliminated. The latest move will result in job losses at plants in Austin, Texas, and Phoenix, as well as in five countries in Europe and Asia.
Lechters Inc., one of the US's largest housewares retailers, announced a restructuring plan that will close 166 of its 490 stores and eliminate at least 725 jobs. The changes are a result of a turnaround strategy aimed at repositioning the Harrison, N.J.-based company and restoring long-term profitability. The plan will focus on kitchen products of higher quality and will expand Lechters's website by the end of next month to include online shopping. It will scrap the company's Costless Home Store, which has 11 retail establishments, and will close 128 Lechters stores and 27 Famous Brands Housewares Outlet stores.
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