Dutch electronics company Philips to cut 6,000 jobs worldwide

Dutch firm Philips is axing 2,000 jobs (Alamy/PA)

Dutch consumer electronics and medical equipment maker Philips has said it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (£1.49bn) in 2022, down from a net profit of 3.3 billion euros (£2.9bn) last year.

The job losses come on top of a reduction of 4,000 staff the company announced in October.