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Dec 10, 2012 06:40 PM IST | Source: Tech2.com

Motorola Mobility to exit South Korea next year

Latest reports confirm that Motorola Mobility will be closing down almost all of its operations in South Korea next year, according to a report The Next Web.

Motorola Mobility to exit South Korea next year

Motorola Mobility will be closing down almost all of its operations in South Korea next year, confirms a report by The Next Web. The decision comes as the Google-owned company continues to undergo reorganisation. According to details known at the moment, the company will retain 10 percent of its local R&D staff – they will be given relocation packages. While two of its business units will stay, the company will altogether stop selling and marketing mobile devices. The report goes on to elaborate that the company is currently undergoing a reshuffle – a move that has seen roughly 4,000 employees go jobless. The Google-owned company had even shut down most of its international websites recently. 

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