YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Royal Philips to cut 4,000 jobs

Posted online

Royal Philips announced plans to "immediately" cut 4,000 jobs.

CEO Roy Jakobs said the company faces "multiple challenges and our earnings reflect this."

The company reported a net loss of $1.3 billion in the latest quarter.

Read more from MarketWatch.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: The Flying Lap

Plaza Shopping Center gained an arcade with the March 1 opening of The Flying Lap LLC; the repurposing of space operated by Burrell Behavioral Health resulted in the March 18 opening of the company’s second autism center; and a group of downtown business owners teamed up to reopen J.O.B. Public House.

Most Read
Update cookies preferences