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Philips: Medical technology manufacturer deletes another 6000 jobs


The medical technology manufacturer Philips wants to become more profitable and is intensifying its austerity measures. To do this, the group wants to cut another 6,000 jobs – after 4,000 last year.

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Photo: BeckerBredel / imago images/Becker&Bredel

The ailing medical technology manufacturer Philips wants to increase profitability significantly in the coming years through further massive job cuts.

In addition to the reduction of around 4,000 jobs announced in October, 6,000 more are to be cut, as the group based in the Netherlands announced.

It is a competitor to the German medical technology manufacturer Siemens Healthineers.

As of the end of September last year, Philips employed just over 79,000 people.

With the austerity course, the recently low operating return should be driven back into the double-digit range.

The feared slump in operating profit did not materialize in the past quarter.

At 651 million euros, this was even slightly above the previous year's figure, as the group announced.

Philips had billions in ventilator recall-related costs last year.

The group then changed its long-time boss.

Source: spiegel

All business articles on 2023-01-30

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