150 jobs lost as Philips shuts centre

DUTCH electronics giant Philips will make 150 Dublin staff redundant with the closure of its European accounting services centre in Leopardstown.

The company will relocate the centre, which handles invoicing and credit control functions for Philips’ consumer electronics division throughout Europe, to the Polish city of Lodz.

Philips blamed increased competition in consumer electronics, which include its TV, hi-fi and DVD products, and higher wage costs in Dublin.