Wednesday, May 06, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft May Bid For Salesforce
NVIDIA to Wind Down Icera Modem Operations
EU court Says Sky Sounds Like Skype
Google Says Mobile Searches Top Desktop PC Queries
T-Mobile Allows Verizon Clients To Test Its Network
Samsung Delivers Faster Speeds With New PRO Plus and EVO Plus Memory Cards
Cisco Identifies Virus That Kills Off PCs
Intel Xeon E7 v3 Processor Series Debuts
Active Discussions
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
burning
 Home > News > Optical Storage > Philips...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 16, 2001
Philips to outsource VCR production


"...As new technologies in video recording and playback are rapidly emerging, Philips’ Consumer Electronics Mainstream division is to refocus its VCR activities. Following expansion in promising digital consumer electronics product areas such as digital video and optical disc technologies (DVD), the mass manufacturing of VCRs for the European market will be outsourced to Funai Electric Company, of Japan, the world's largest manufacturer of VCRs. Philips will scale down its own development activities for video tape recorder technology and will concentrate its resources on marketing and sales.

Guy Demuynck, CEO of Philips Consumer Electronics Mainstream, says: "The growth in the global consumer electronics market is slowing down. Philips is holding a strong top three market position for video recorders and TV/Video combis worldwide, with a clear number one position in Europe. To safeguard this leading position we decided to expand our cooperation with Funai." Currently, video recorders are manufactured by Philips in Austria (Vienna) and Hungary (Szekesfehervar). The industrial activities for TV/Video combis and the growing industrial activities for DVD will remain in Szekesfehervar.

Between now and mid next year, these measures will lead to a headcount reduction of approximately 1,000 of which 850 are related to the VCR activities in Vienna. The latter is part of an overall industrial restructuring program in Vienna leading to a loss of 1,200 jobs. The related restructuring charge is included in the figures for the second half of this year as mentioned by Philips at the Press Conference on the semi-annual figures on July 17, 2001..."



Previous
Next
Prodisc DVD-RAM media awarded from DVD Forum        All News        Prodisc DVD-RAM media awarded from DVD Forum
Prodisc DVD-RAM media awarded from DVD Forum     Optical Storage News      Prodisc DVD-RAM media awarded from DVD Forum

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Philips Hue Go Lets You Take The Light With You
Philips Fidelio NC1L Headphones Go battery-free When Connected to Your iOS Device
TP Vision To Integrate Android into Philips TVs
Philips and Nintendo Resolve Patent Disputes
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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .