There are as yet no signs of a recovery in sales at electronics giant Philips, CEO Gerard Kleisterlee is reported as saying in an in-house magazine.
‘The recession is heavy and deep. That means we have to keep a sharp eye on our income and expenditure in 2009,’ news agency ANP quoted Kleisterlee as saying. ‘As management it is our duty to adapt costs to a lower sales level.’
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation