EMCC European Monitoring Centre on Change

Philips

Company/Organisation:
Philips

Geographic Location

Country: World
Location of affected unit(s): Spain, United Kingdom

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 170000
Group: Philips

Employment Effects

Announcement Date: 10-01-2004
Planned Job Reductions min: 60000
Planned Job Reductions max: 60000
Type of Restructuring: Internal restructuring

Additional Information

This a worldwide plan to reduce costs.