Philips to cut 13% of jobs to restore profit

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. Philips to cut 13% of jobs to restore profit. Half of the job cuts will be … Continue reading Philips to cut 13% of jobs to restore profit