Saturday June 6, 2020

Philips to cut 2,100 more jobs

Dutch company Philips Electronics is to eliminate 2,100 more jobs and deepen its efficiency drive in a bid to achieve more cost savings*.

11th September, 2012

Dutch company Philips Electronics is to eliminate 2,100 more jobs and deepen its efficiency drive in a bid to achieve more cost savings*.

Its chief executive Frans Van Houten said the measures would make the company "more agile and competitive".

Van Houten is responding to a slowdown in demand for healthcare equipment and lighting systems.

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