by Staff Writers
San Francisco (AFP) Dec 11, 2012
Google has agreed to sell manufacturing operations of its Motorola Mobility unit in China and turn over management of a Brazil plant to Singapore-based Flextronics, the companies said.
In a statement Monday, the firms said Flextronics would acquire Motorola's manufacturing operations in Tianjin, China, and will also assume management and operation of its plant in Jaguariuna, Brazil.
"Employees and assets at both locations will transfer to Flextronics after the transaction closes," the statement said.
"The agreement also includes a manufacturing and services agreement for Android and other mobile devices."
"The agreement with Flextronics is an important step forward for us in transforming our overall supply chain into a competitive advantage for Motorola Mobility," said Mark Randall, senior vice president at Motorola Mobility LLC.
The move came as Motorola Mobility confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year.
California-based Google said in August that it would lay off about 4,000 employees at Motorola, which it purchased in a deal valued at $12.5 billion, in order to return the company to profitability.
Space Technology News - Applications and Research
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|