Philips to Cut 4,500 Jobs as Profits Fall jobs Philips Jobs in Philips
Philips to Cut 4,500 Jobs as Profits Fall jobs Philips Jobs in Philips
Philips to Cut 4,500 Jobs as Profits Fall jobs Philips Jobs in Philips
Philips to Cut 4,500 Jobs as Profits Fall jobs Philips Jobs in Philips
Jobs in Philips Struggling Dutch lighting and consumer electronics group Philips cut 4,500 jobs
Jobs at Philips I did not notice because it reported a sharp drop in profits in the third quarter due to lower margins, lower sales and a loss on its television division.
jobs at Philips The group-level net profit of three months to September 30 was 74m euros ($ 103M, £ 65m), compared to 524 m euros a year earlier.
Jobs in Philips Philips have issued two profit jobs at Philip swarming over the last seven months.
Jobs in Philips Meanwhile, the stock price fell 40% last year; the company is trying to compete with lower cost rivals in Asia .
Cut the "unfortunate"
Philips' quarterly net sales decreased 1.3% to 5.4 billion euros.
"We do not expect to achieve an improvement in material performance in the short term," said Chief Executive Officer Franz van Hutten Philips. Jobs in Philips
Jobs in Philips
Philips employs 116,000 people worldwide, including 2,200 in the UK
The facilities of the company in the UK are in Guildford, Surrey, Hamilton , Lanark shire South, Chi Chester, West Sussex . Jobs Philips
Of the 4500 layoffs will be in Holland
Jobs Philips, Mr. van Hutten said the layoffs were "an unfortunate but inevitable to improve our business model more agile, simple and competitive."
jobs Philips, Philips added that talks with TPV Technology based in Hong Kong during the sale of a majority stake of 70% in its TV operations were taken "more than expected."
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