Philips To Cut 13% of Jobs in Safety and Profitability Drive
Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. From a report: Half of the job cuts will be made this year, the company said on Monday, adding that the other hal … ⌘ Read more