Philips poised to cut more jobs, 1000 could go in NL


Dutch healthcare technology firm Philips will announce another round of redundancies on Monday and 1,000 jobs may go in the Netherlands, the Eindhovens Dagblad reported on Friday.

Analysts expect the company to have made a €1.5 billion loss in 2022 and that has made a new reorganization inevitable, the paper said. It bases the claim on company sources and said Philips has declined to comment on the total number of jobs to go.

Philips already cut 4,000 jobs at the end of October and new chief executive Roy Jakobs said at the time that he was working on a new plan ‘to help Philips to a strong future’.

According to the ED, that involves simplifying the company structure and increasing productivity. He also wants to focus attention on products which will face strong demand in the future.

The company has also been struggling to deal with the fall out from problems with its sleep apnea equipment. In October the company said it was taking a further €1.3 billion charge to offset the impact of the problems.

And in September, a group of investors in Philips launched a claim for €16 billion for allegedly being misinformed about the extent of problems with the company’s devices.


Philips has recalled 5.5 million machines and 17 million sleep masks worldwide after it emerged that tiny foam particles could be released during cleaning and then inhaled, while magnetic clips in the masks potentially interfere with heart pacemakers.

The company’s workforce in the Netherlands totals some 10,000 people, following the previous redundancy round. They are based in Eindhoven, Best and Drachten and at the company’s headquarters in Amsterdam.

According to the ED, the previous round of redundancies resulted in just 163 compulsory firings out of 800 job cuts in the Netherlands.

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