Philips to lay off 6,000 jobs worldwide
Netherlands-based electronics company Philips has announced it will lay off 6,000 people worldwide to cut costs due to the loss of the company.
In the statement made by Philips regarding its sales in 2022, it was indicated that sales decreased and the company had a loss of 1.6 billion.
6 THOUSAND PEOPLE WILL BE RELEASED
In the statement, it was indicated that the company will lay off 6,000 people worldwide in 2023.
1100 of them were recorded to be in the Dutch capital of Amsterdam and Eindhoven. The company, which has around 80,000 employees worldwide, laid off 4,000 people in October last year, again to cut costs.
MILLIONAIRE LOSS OF EUROS
The CEO of the company, executive Roy Jakobs, announced that the workforce must be further reduced. “2022 has been a very challenging year for Philips and our stakeholders, and we are taking urgent and decisive action to improve our practices and accelerate our performance,” Jakobs said in a statement.
The Amsterdam-based company posted a net loss of 105 million euros ($114 million) in the fourth quarter of 2022 and 1.6 billion euros in all of last year.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
