Person: Frans van Houten

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

business

Philips to sell domestic appliance division to complete move into health technology

Philips will complete its transformation to a health technology business with the sale of its domestic appliances division, which no longer fits with the company’s range of hospital equipment and personal health products.

business

Chinese presence lifts Philips sales

business

Philips shares rise on US order book

business

Philips shares fall as it considers lighting unit IPO

business

Weak sales dent Philips profits

business

Philips to cut 2,200 jobs worldwide

Philips to shed 4,500 employees

PHILIPS Electronics is to cut 4,500 jobs as part of the restructuring scheme to boost profit and meet its financial targets.

Tue, 18 Oct, 2011

Philips to cut 4,500 jobs

Lightbulbs-to-TV maker Philips is to cut 4,500 jobs after announcing its profits nearly halved during the summer.

Mon, 17 Oct, 2011

Philips suffers €1.3bn loss

Lightbulbs-to-TV firm Philips today revealed it had slumped to a €1.3bn loss after it wrote down the value of some of its businesses amid the squeeze in consumer spending.

Mon, 18 Jul, 2011