Motorola freezes pensions and salaries to cut costs

Motorola is permanently freezing its US pension plans from March 2009 to cut costs, which means existing benefits will be preserved but there'll be no future benefits accrued from that date. It's also said many employees won't receive a salary increase in 2009, with co-CEOs Greg Brown and Sanjay Jha taking a 25% salary cut. [Press release]

New head for Motorola's mobile division

Dr Sanjay Jha has been appointed as CEO of Motorola's mobile devices division. He'll also be co-CEO of Motorola with Greg Brown, who's been running the company since December last year. Mr Jha was Chief Operating Officer at Qualcomm until his move. [Press release]

Motorola may separate its mobile phone business

Motorola has said it is "exploring the structural and strategic realignment of its businesses to better equip its Mobile Devices business to recapture global market leadership and to enhance shareholder value", which may involve separating its mobile division from the rest of the company. Greg Brown, Motorola's CEO, said “We are exploring ways in which our Mobile Devices Business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise.” [Press release]