Philips High Tech Plastics HTP
Location of affected unit(s):
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
The Philips branch High Tech Plastics employs some 350 people. 70 among them will no longer be working for the company next year. This is a consequence of the change in technology - automatisation and computerisation in the production process - and of a fall in demand for endoscopical lences for medical purpouses.
For some time now Philips had intended to sell HTP (as well as Philips High Tech Aerospace, HTA, also reducing its personnel and loosing 25 jobs in 140).
In total almost 900 hundred jobs should disappear in the Eindhoven area due to the reorganisations announced this year by Philips in its various subsidiaries.