Dutch Tech Giant Philips to Cut 6000 Jobs, 13% Workforce Globally After Falling Profits
Dutch tech giant Philips has annonced its plans to cut almost 6000 jobs, or 13% workforce worldwide in order to make the company profitable again.
Jan 31, 2023, 12:30 PM IST
IT Layoffs 2023: Philips Latest Firm to Join Sacking Spree, Company to Fire 6000 Employees
The job cuts announced on Monday are in addition to those outlined in October.
Jan 30, 2023, 16:27 PM IST
Philips to cut 4,000 jobs as company faces multiple challenges: CEO
The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.
Oct 24, 2022, 16:31 PM IST
Electronics giant Philips posts 2015 profit up 55%
Dutch electronics giant Philips Tuesday unveiled solid net profits for last year, up 55 percent on 2014 driven by increased sales in its healthcare and lifestyle business as its seeks to shed its historic lighting section.
Jan 26, 2016, 19:49 PM IST
Philips in lighting partnerships with Cisco, SAP and Bosch
Cisco, SAP and Bosch under which each will jointly market networking systems using Philips programmable lights.
Dec 10, 2015, 12:47 PM IST
Philips launches new smartphones
The electronics major said that the phones were aimed at providing youth, professionals and technology enthusiasts with an uninterrupted and seamless smartphone experience.
Aug 11, 2015, 20:01 PM IST
Philips gets demerger nod amid small shareholders' opposition
Some minority shareholders opposed the demerger and feared that the same was a precursor to hive-off the healthy business from the company in line with the parent company's move.
Jul 06, 2015, 15:28 PM IST
Philips to raise local sourcing for LEDs
The LED market, at present, is estimated at around Rs 2,275 crore in India and is growing at a compounded annual growth rate (CAGR) of more than 40%
May 17, 2015, 15:34 PM IST
Philips plans to double market share in TV segment by 2016-end
Global electronic goods maker Philips is planning to double its market share in the TV segment to 10 per cent in the country by the end of 2016, a senior company official said.
Apr 07, 2015, 22:01 PM IST
Philips to sell major stake in LED, car lighting arm for $2.8 bn
Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China-based GO Scale Capital investment fund in a deal worth $2.8 bn.
Mar 31, 2015, 11:41 AM IST
Philips appoints Chitale as CEO of lighting biz
Chitale joins Philips from HCL Infosystems, where he was the MD & CEO.
Jan 06, 2015, 16:18 PM IST
Philips launches television range with Apple TV features
Priced at Rs 29,990 onwards, the new range would be a unison of the features, innovations of the two brands - Philips and Apple, PE Electronics said in a statement.
Oct 09, 2014, 16:42 PM IST
Breaking with tradition, Philips splits off lighting
Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.
Sep 24, 2014, 02:04 AM IST
Philips signs Alia Bhatt as brand ambassador for beauty range
Philips India has roped in Bollywood actress Alia Bhatt as its brand ambassador for its beauty business.
Aug 08, 2014, 15:59 PM IST
Philips partners Amazon to tap the burgeoning e-commerce market
Consumer electronics major Philips on Wednesday announced its collaboration with e-commerce giant Amazon to launch imaginative LED lightings for kids in association with Disney.
Jul 23, 2014, 15:11 PM IST
Philips reports profit slump, setback for medical sales
Philips announced the sale of its lifestyle entertainment branch, which makes stereos and DVD players, after selling its troubled TV-making arm in 2012.
Jul 21, 2014, 16:20 PM IST
