Philips to Cut 300 Jobs in Medical Systems Unit
Nov 20, 2003
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Philips Electronics announced it would cut 10 percent of jobs at its Medical Systems division in the Netherlands as part of measures to increase efficiency of the business.
"This plan will lead to an improvement in our competitive position in the near future," Roel Fonville, Philips Medical Systems Netherlands' chief executive, said in a statement.
He said the company would try to avoid forced job cuts at the plant in Best, which is near Eindhoven in the south of the country and employs 3,000 people, but could not rule them out.
A spokesman for Philips, Europe's largest maker of consumer electronics and lighting and number three in semiconductors, said the jobs being cut included 160 full-time employees and 140 temporary workers.
Philips Medical Systems is also taking measures to cut overhead costs, improve its logistics operations, and improve synergies between operating units in Best.
The Best plant develops, assembles, and markets magnetic resonance and x-ray imaging equipment. (Reuters)
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