Philips to cut 6,000 jobs worldwide
Dutch medical and consumer electronics giant Philips said on Monday it planned to cut 6,000 jobs worldwide this year to cope with the global slowdown which pushed its fourth quarter results into the red.
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.