EMCC European Monitoring Centre on Change

Philips Semiconductors

Company/Organisation:
Philips Semiconductors

Geographic Location

Country: World
Location of affected unit(s): Nijmegen(NL), San Antonio (Texas), Albuquerque (New Mexico)

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 32000
Group: Philips

Employment Effects

Announcement Date: 04-11-2002
Planned Job Reductions min: 410
Planned Job Reductions max: 1600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2002
Foreseen End Date: 01-12-2003

Additional Information

Philips Semiconductors employs over 32,000 employees in more than 50 countries. With sales of around $4.4 billion in 2001, Philips Semiconductors is one of the world's top semiconductor suppliers. 90 job losses announced on 4 December 2002 (50 should happen 'naturally', for the other 40, Philips tries to find an outplacement solution). In 2003, new dismissals were announced by the company (2003-03-13).