Philips to cut 13% of jobs in safety and profitability drive
AMSTERDAM, Jan 30 (Reuters) - Dutch health technology company Philips (PHG.AS) will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value.
Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.
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