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News Breaks | | | | September 11, 2012 | | 06:02 EDT |  | PHG | Philips to cut a further 2,200 jobs, raises cost-cutting target to EUR1.1B
At a meeting with investors and financial analysts today in London, UK, Royal Philips Electronics will update the financial markets on the developments in the Lighting and Consumer Lifestyle sectors. As part of his company update, Philips CEO Frans van Houten will discuss the progress of the Accelerate! transformation program to drive innovation and customer centricity, while improving operational performance, enabling Philips to deliver on its 2013 targets. As the deployment of the Accelerate! program deepens, the company has identified additional opportunities, among others in the Healthcare and Lighting sectors, to further decrease inefficiency and complexity. These additional structural saving opportunities of EUR 300M will bring the overall savings program from EUR 800M to EUR 1.1B, to be completed by 2014, and will impact approximately 2,200 additional positions globally. | |
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| May 14, 2013 | | 10:49 EDT |  | PHG | Dell accuses optical disk drive makers of price-fixing, Bloomberg says
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