America China Copyright Europe Healthcare Manufacturing Netherlands North America Supply Chain United States USA
Philips' new chief executive officer announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70 per cent off the Dutch medical equipment maker's market value in the past year. Photograph: Sem Van Der Wal/Getty Philips' new chief executive officer (CEO) announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70 per cent off the Dutch medical equipment maker's market value in the past year. "We have now had five quarters of declining sales, declining profit, and now … [in the…
News Timeline:
Track the development of this news story across the Internet.