Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Optical Storage > Philips...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 11, 2001
Philips cuts jobs, CD-RW production in Belgium plant


Philips Electronics NV plans to lay off a total of 441 employees from its production facilities in Hasselt, Belgium and scale back its production of CD-RW (compact disc-rewritable) drives, a company spokesman confirmed Thursday. "There are about 276 contracts for Philips blue- and white-collar workers that will be terminated and 165 temporary contract workers that will also be let go," said Philips spokesman Michels Guillen.

According to Guillen, the layoffs are part of the 4,000 layoffs company-wide that were announced in April due to steep decreases in sales. The Philips plant in Hasselt produces CD-RW drives and set-top boxes, but the plant will cut back on its production of CD-RW drives to focus on such upcoming technologies as its DVD+RW (digital versatile disc-rewritable) drives. "With CD-RW drives there is a more general problem of decreasing demand on the world market. There are too many CD-RW drives on the market and as a result, there will be a turnover of several brands," Guillen said."We already producing DVD+RW drives (in the Hasselt plant) which have far more potential," Guillen said.

DVD+RW is a standard for recording data and video on DVDs (digital versatile discs) that is also being promoted by Sony Corp. and Ricoh Co. Ltd. The DVD+RW device allows for 12-speed recording of data and 2.5-speed DVD writing and is scheduled for launch later in the month with a price tag of about US$1,000. Philips now hopes to use its Hasselt, Belgium plant as a sort of trial and error development area, where new products and production methods are tested out and, once perfected and approved by the company, moved on to plants that can produce products more cheaply, Guillen said.

"We are going on with the policy that we develop new products and processes in Hasselt, experimenting with production and then shifting the production to other low-cost environments such as Hungary and China," Guillen said. For those types of shorter-term projects, Philips plans to hire 140 new employees on temporary contracts. "We are hiring the people from special agencies. The length of the contracts will depend on the products and processes that are in development," Guillen said. "Our focus for next year will be on set-top boxes for the Internet and on drives for optical storage. This is the challenge," Guillen said.


Previous
Next
Plasmon Enters into Non-Exclusive Agreement to Purchase Exabyte Autoloader Technology and Manufacturing Licenses        All News        CyberLink PowerDVD 3.0 Software to Ship with HP's First DVD+RW/CD-RW Drive
Plasmon Enters into Non-Exclusive Agreement to Purchase Exabyte Autoloader Technology and Manufacturing Licenses     Optical Storage News      CyberLink PowerDVD 3.0 Software to Ship with HP's First DVD+RW/CD-RW Drive

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

Related News
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
Philips Announces Its 2014 TV Lineup
MWC: Philips and Ericsson Unite On Smart Street Lighting
Philips Lighting System Guides You Through The Supermarket

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 .