cline of between 5 to 10 percent for the year from the previous year. In all, Motorola said the job cuts are expected to save $100 million in pretax costs for the remainder of the year and produce annual pretax savings of $700 million by 2003. As part of its restructuring process, in November 2002 Motorola shut down its last production line at its Mesa, Ariz., semiconductor complex, ending 33 years of manufacturing at the site. Only a few hundred employees remained, down from 2,600 who worked there in 2001, when Motorola announced plans to discontinue manufacturing in the area. Motorola decided to close the site in response to the VAULT CAREER LIBRARY 2005 Vault Inc. Vault Guide to the Top Telecom Employers Motorola, Inc. semiconductor industry downturn of the past two years. Employees displaced by the closing either took early retirement, moved to other company locations or were laid off with severance packages. Overall, Motorola's semiconductor employment in Arizona has declined from about 10,000 in 2001 to the current 6,000. Bye-bye Galvin Grandson of the company's founder, and Motorola CEO Christopher Galvin stepped down under increasing pressure in October 2003 after the company lost $6.4 billion in two years under his watch. Thousands of employees were laid off as Galvin sold off businesses and moved manufacturing overseas. Galvin brought in outsiders Edward Breen, who has since left to run Tyco International, and former GE exec Mike Zafirovski, now Motorola's president. Breen and Zafirovski helped refocus Motorola and by recharging the company's biggest unit, cellular telephones. The long climb back to profitability In 2001 Motorola posted an operating loss for the first time since 1930. Although it predicted it would return to profitability by 2002, that April the company admitted that 2002 would be another money-losing year. By the third quarter of 2002, Motorola also saw its global market share decline, primarily due to delays in the availability of two new models that were expected to ship in volume in