Philips Unveils Job Cuts Amid Pressure from Device Recall, Supply Chain Woes
By Scott Kanowsky Investing.com — Koninklijke Philips NV (AS:) has announced that it will slash thousands of jobs in a bid to halt the financial fallout from a large-scale product recall and ongoing supply chain constraints. In its third quarter trading update, the Dutch medical equipment maker said that its workforce would be reduced by around …
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