Salem Radio Network News Saturday, April 1, 2023


Dutch electronics giant Philips to cut 6,000 jobs worldwide


( ) -q-22- UNDATED (Correspondent Jeremy House) “and economic headwinds.”

Dutch consumer electronics and medical equipment maker Philips says it is cutting 6,000 jobs worldwide over the next two years.

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TAG: Correspondent Jeremy House reporting. Philips CEO Roy Jakobs said 2022 was “a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency.”

VERBATIM: The company made the announcement as it revealed a net loss of 1.7 billion dollars in 2022. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds.

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