Philips Job Cuts

Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.

Global technology firm Philips today announced it will cut 4,000 jobs to "improve productivity and increase agility" as the company released its third quarter results.

Consumer electronics giant Royal Philips Electronics on Monday said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise affecting employees in India. The job cuts are part of a plan to save 800 million euros ($1.1 billion), the Netherlands-based Philips said in a...

Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.

Global technology firm Philips today announced it will cut 4,000 jobs to "improve productivity and increase agility" as the company released its third quarter results.

Consumer electronics giant Royal Philips Electronics on Monday said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise affecting employees in India. The job cuts are part of a plan to save 800 million euros ($1.1 billion), the Netherlands-based Philips said in a...