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Tag: PHG
Philips to cut 4,000 jobs ‘immediately’ after bigger-than-expected loss
Royal Philips NL, +3.00% PHIA, -3.97% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announ...
Philips stock tumbles toward biggest selloff since 2008 after downbeat revenue outlook
The U.S.-listed shares of Koninklijke Philips N.V. PHG, -15.53% PHIA, -15.46% plunged 15.7% toward a near two-year low in morning trading Wednesday, after the Netherlands-based medical technologies an...