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Daily News

Philips to Cut Jobs
Jan 8, 2003
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Royal Philips Electronics announced it will continue its cost-cutting measures in 2003, including cutting “several thousand” more jobs from the Dutch company. The job cuts are a result of restructuring and the transfer of assembly work away from western Europe. The Dutch company has cut 35,000 jobs since April 2001, leaving the group with 184,000 employees. (FT.com)

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