Electronics maker Philips has raised its cost-cutting plans to 1.1 billion euros ($1.4 billion), which in turn means more jobs are destined for the chopping board. The ailing firm said it plans to cut ...

The electronics giant is increasing company-wide layoffs, but said it’s too early to say whether hundreds of New Jersey workers will be at risk for job cuts. Amsterdam-based Philips Electronics said ...

THE HAGUE (AFP) -- Philips said Tuesday it would shed 2,200 jobs globally as part of its restructuring program in a move to save the Dutch electronics giant an additional 300 million euros ($384 ...

The company has identified additional opportunities, among others in the healthcare and lighting sectors, to further decrease inefficiency and complexity. In a move that will save Philips Electronics ...

Philips Electronics has said it will axe 2,200 more jobs as it battles the tough economic climate and attempts to save 1.1bn euros (£877m). The Amsterdam-based company, which has raised its ...

Royal Philips Electronics NV on Tuesday announced further job cuts and cost savings, as a slack euro-zone economy and growing competition for some of its key products threaten its plans for a ...