Philips new CEO starts by slashing 4,000 jobs amid device recall woes

Oct. 24, 2022 5:32 AM ETKoninklijke Philips N.V. (PHG)By: Ravikash, SA News Editor1 Comment

Exterior view of the French headquarters of Philips in Suresnes, France


Just days after stepping into his new role as CEO of Royal Philips (NYSE:PHG) Roy Jakobs on Monday said that the company was cutting about 4,000 jobs globally as it tries to save cost amid a recall

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