Monday, January 26, 2009
Philips to Release 6000 Employees Into Wild
The consumer electronics dominoes continue to fall. First Sony, then Samsung and now Royal Philips Electronics. Echoing the suffering of its rivals, Europe’s largest consumer electronics firm reported a 1.47 billion euro ($1.9 billion) shortfall today–its first quarterly loss in almost six years–and announced plans to cut 6,000 jobs in 2009.




