Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 19
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 (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds including COVID-related issues in China and the war in Ukraine. CEO Roy Jakobs said 2022 was a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and s

Read More Details
Finally We wish PressBee provided you with enough information of ( Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs )

Apple Storegoogle play

Also on site :

Most viewed in Economy
PM affirms gov’t readiness to expand industrial output
EGYPT INDEPENDENT - before 7 hours & 42 minute
AV-Comparatives Validates Real-World Threat Detection in 2025 EDR XDR MDR Certification Testing
PR Newswire - before 5 hours & 40 minute
U.S. could lose more immigrants than it gains for first time in 50 years
Washington Post - before 9 hours & 8 minute
Iran’s Oil and Gas Assets Rocked in Latest Round of Israeli Attacks
OILPRICE - before 5 hours & 37 minute
Freedom Holding Corp. Reports Fiscal Year 2025 Financial Results
PR Newswire - before 4 hours & 8 minute
Can Africa Power Europe’s Green Hydrogen Ambitions?
OILPRICE - before 4 hours & 3 minute
Masters in Finance 2025 ranking: methodology and key
Financial Times - before 2 hours & 8 minute
Redtiger Celebrates 5 Years of Bestselling Dash Cams for Cars With Discounts, Giveaways, and More
PR Newswire - before 6 hours & 12 minute
The Winners and Losers at $60 Oil
OILPRICE - before 2 hours & 14 minute
Critical Minerals Fuel Geopolitical Competition
OILPRICE - before 10 minute


Latest News

Critical Minerals Fuel Geopolitical Competition

before 10 minute

Masters in Finance 2025 ranking: methodology and key

before 2 hours & 8 minute

The Winners and Losers at $60 Oil

before 2 hours & 14 minute

Can Africa Power Europe’s Green Hydrogen Ambitions?

before 4 hours & 3 minute

Freedom Holding Corp. Reports Fiscal Year 2025 Financial Results

before 4 hours & 8 minute

Saudi Aramco shares rise as oil surges 7% on geopolitical fears

before 4 hours & 18 minute

Iran’s Oil and Gas Assets Rocked in Latest Round of Israeli Attacks

before 5 hours & 37 minute

AV-Comparatives Validates Real-World Threat Detection in 2025 EDR XDR MDR Certification Testing

before 5 hours & 40 minute

Redtiger Celebrates 5 Years of Bestselling Dash Cams for Cars With Discounts, Giveaways, and More

before 6 hours & 12 minute

PM affirms gov’t readiness to expand industrial output

before 7 hours & 42 minute

Taiwan blacklists Huawei, SMIC amid US-China tech tensions

before 8 hours & 34 minute

U.S. could lose more immigrants than it gains for first time in 50 years

before 9 hours & 8 minute

KIWI design Celebrates One Million Head Straps Sold, Redefines VR Comfort with Series Made for Meta Products

before 11 hour & 39 minute

Trump gets his long-sought military parade as protests erupt nationwide

before 12 hour & 46 minute

G42 создает дочернюю компанию G42 Europe & UK

before 14 hour & 45 minute