Friday, November 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony's New E-Paper FES Watch Appears Online
Amazon Releases Deals of the Year on Cyber Monday
Germany To Get Secure Phones By BlackBerry
Xbox And Playstation Black Friday Deals
Toshiba Launches ARM-Based Application Processors with Sound, Image Data-Mining and Security Functions
Pioneer To Release The BDR-XU03JM Portable Blu-ray Drive For Macs
Syrian Electronic Army targets CNBC, Telegraph, Independent, PCWorld
GoPro Camera Drones In The Works: report
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 Home > News > General Computing > Philips...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, September 11, 2012
Philips To Cut More Costs And Jobs


Philips Electronics raised its cost-cutting target to 1.1 billion euros and said it would axe a further 2,200 jobs as it battles a tough economic backdrop.

At a meeting with investors and financial analysts on Tuesday in London, Philips will update the financial markets on the developments in the Lighting and Consumer Lifestyle sectors.

As part of his company update, Philips Chief Executive Officer Frans van Houten will discussthe progress of the company's Accelerate! transformation program, which the company expects to improve operational performance, enabling Philips to deliver on its 2013 targets. Philips said that additional structural saving opportunities of EUR 300 million would bring the overall savings program from EUR 800 million to EUR 1.1 billion, to be completed by 2014, and would impact approximately 2,200 additional positions globally.

"We continue to focus on improving the performance of our company, and we are making good progress. The identified additional overhead cost reduction measures will help us mitigate the effects of macro-economic headwinds and changes in pension cost accounting, while making us a more agile innovation company serving our customers effectively across the world." said Philips Chief Executive Officer Frans van Houten. "The additional savings will lead to job losses, which is regrettable. At the same time, we continue to invest in innovation and the customer value chain to speed up the introduction of meaningful innovations to our customers in local markets, making Philips more competitive."


Previous
Next
AMD FirePro Graphics Cards To Support RealD's BlueLine 3D Technology        All News        Anonymous Claims Responsibility For GoDaddy Attack
Toshiba Settles LCD Price Fixing Case     General Computing News      Anonymous Claims Responsibility For GoDaddy Attack

Get RSS feed Easy Print E-Mail this Message

Related News
Philips 272G5DYEB 27-Inch G-SYNC Monitor launching Soon
Philips to Appeal $467 Million Patent Infringement Lawsuit
Philips Expands Its Series Of Ultra HD TVs Powered by Android
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
Philips to Create New Lumileds and Automotive Lighting Businesses Company
Philips and Salesforce.com To Deliver Cloud-based Healthcare Information Technology
EU To Fine Philips, Infineon And Samsung
Philips to Sell WOOX Innovations to Gibson
Philips Announces Its 2014 TV Lineup
MWC: Philips and Ericsson Unite On Smart Street Lighting
Philips Lighting System Guides You Through The Supermarket
Philips to transfer Remaining Stake in TV Joint Venture to TPV

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .