Philips scraps 6,000 jobs in drive to improve profitability

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

Dutch health technology company Philips on Monday said it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked 70% off of its market value.

Philips Healthcare headquarters is seen in Best, Netherlands August 30, 2018. Picture taken August 30, 2018.

Piroschka van de Wouw/File Photoon Monday said it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked 70% off of its market value.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Those with the 'D' are clearly assigning the costs of their errors in judgment to the people that actually make and sell their products.

Health technology company? So who made the Philip pressing iron? I thought they did since I was a child and knew of PSV.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in HEALTH

Health Health Latest News, Health Health Headlines