The search engine has increased the estimated cost of Motorola’s restructuring, which will now include regions outside the US
Google has revised its estimates for the cost of restructuring recently acquired Motorola Mobility, saying it will now cost $300 million instead of $275 million.
The search engine’s filing with the US Securities Exchange Commission (SEC) says that since it bought the telecoms company last year, “Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the US.”
This implies Motorola Mobility UK could be affected by staff cuts.
Google’s filing continues: “Based on current information, Google expects to incur (1) severance-related charges of approximately $300 million, which will be recognised in the third quarter of 2012.”
“Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring changes, some of which may be significant.”