Royal Philips Electronics to cut 6,000 jobs
Royal Philips Electronics today said it will cut 6,000 jobs across the globe and its net loss for the fourth quarter ended December 31 stood at euro 1,470 million due to lower gains on stake sale.
Consumer electronics giant Royal Philips Electronics today said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise affecting employees in India.