The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
2,200 jobs Number of planned job losses
Announcement Date
11 September 2012
Employment effect (start)
Foreseen end date
31 December 2014
Description
The Dutch electronics company Philips announced plans to cut 2,200 jobs worldwide by 2014. The company already reported a 4,500 jobs loss in 2011 (see factsheet).
Philips expands its Accelerate! transformation program, which is also meant to increase the company's overall savings.
The company did not provide details on where exactly the jobs would be lost.
UPDATE 25.10.2012: Philips announced that as part of the restucturing, 171 jobs will be cut at the head office of the lighting division in Eindhoven. Earlier in October it became clear that in the healthcare division 150 jobs will be cut in the town Best (NL).
Sources
11 September 2012: Philips news center
Citation
Eurofound (2012), Philips, Internal restructuring in World, factsheet number 74103, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74103.
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