Philips to cut 2,200 jobs worldwide

Royal Philips Electronics, the largest maker of lights, today announced plans to cut 2,200 jobs by 2014 to save €300m.

Philips to cut 2,200 jobs worldwide
Tue, 11 Sep, 2012 - 11:30

Royal Philips Electronics, the largest maker of lights, today announced plans to cut 2,200 jobs by 2014 to save €300m.

Saving money will lessen “the effects of macro-economic headwinds and changes in pension cost accounting”, Philips chief executive officer Frans van Houten said in a statement.

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