17 October 2011

Philips to cut 4,500 jobs

Philips Electronics said it will cut 4,500 jobs as it reported an 85% slump in third-quarter net profit on higher restructuring and raw material costs. Dutch group Philips – the world's biggest lighting maker, a top three hospital equipment maker, and Europe's biggest consumer electronics producer – also said it is considering alternative options for its TV unit... read more

The Guardian
Oct 11

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