Philips to cut 5% of workforce as new CEO acts to counter ... - Reuters
WebAMSTERDAM, Oct 24 (Reuters) - Philips' (PHG.AS) new CEO announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70% off the Dutch...
Philips to cut 4,000 jobs worldwide after hit from legal action
WebOct 24, 2022 · Dutch health technology company Royal Philips plans to cut about 4,000 jobs, as its new head begins an overhaul of the business that has been hit by legal action surrounding millions of faulty...
Philips to cut 13% of jobs in safety and profitability drive
WebAMSTERDAM, Jan 30 (Reuters) - Dutch health technology company Philips (PHG.AS) will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its...
Dutch electronics giant Philips to cut 6,000 jobs worldwide
WebPublished 11:49 PM PDT, January 29, 2023. THE HAGUE, Netherlands (AP) — Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros ($1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year.
Philips to Cut 4,000 Jobs as Big Recall, Supply Snags Hit Earnings
WebOct 24, 2022 · Royal Philips NV said it would cut 4,000 jobs in a bid to turn around its embattled business, as it grapples with supply-chain challenges and the fallout from a huge recall of devices used to...
Philips Job Cut: Company to Reduce Its Workfoce to Save Costs, …
WebOctober 24, 2022 at 12:49 AM PDT. Listen. 2:24. This article is for subscribers only. Royal Philips NV will cut 4,000 jobs just days after a new chief executive officer took over, as the Dutch...
Philips to cut 13% of jobs in safety and profitability drive
WebJan 30, 2023 · AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a...
Philips to cut 6,000 jobs worldwide, citing ‘very difficult year’
WebJan 29, 2023 · THE HAGUE, Netherlands — Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6...
UPDATE 3-Philips to cut 13% of jobs in safety and profitability drive
WebUpdated January 29, 2023 · 3 min read. * Philips to cut another 6,000 jobs. * Increases number of layoffs since October to 13% of current workforce. * Shares up 5.5% as Q4 results beat...
Philips to cut 4,000 jobs 'immediately' after bigger-than-expected …
WebOct 24, 2022 · -2.05% Royal Philips NL, -0.24% PHIA, -2.05% on Monday said it will "immediately" cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer,...
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