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* Hundreds of Qualcomm Inc. employees lost...

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Associated Press

* Hundreds of Qualcomm Inc. employees lost their jobs as part of the firm’s sale of its mobile phone manufacturing unit to Japanese conglomerate Kyocera Corp., company officials said. Qualcomm is transferring workers from its consumer products and personal electronics divisions to Kyocera and a Qualcomm subsidiary as part of the sale, which was announced last month, Qualcomm spokeswoman Christine Trimble said. She said the number of lost jobs was less than 1,000. Kyocera Wireless Corp., the new division formed by the sale, needed to cut the payroll to make the unit profitable, spokesman Jay Scovie said. The sale is scheduled to close next month, pending regulatory approval. Affected employees will receive severance packages and assistance in finding new jobs, Trimble said. Details were not released.

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