Philips Electronics is to cut 4500 jobs as it seeks to make €800m (£700m) in savings and stem a sharp drop in profits. Philips would not confirm how many jobs are likely to be cut in the UK, but the company has around 2000 employees in Britain. ... Philips to cut 4500 staff as profits plunge
Sunday, October 16, 2011
Philips to cut 4500 staff as profits plunge
Philips Electronics is to cut 4500 jobs as it seeks to make €800m (£700m) in savings and stem a sharp drop in profits. Philips would not confirm how many jobs are likely to be cut in the UK, but the company has around 2000 employees in Britain. ... Philips to cut 4500 staff as profits plunge
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