Philips has a moderate second quarter behind the back and 500 million euros in savings. How that should be done is not yet known, but loss of jobs is not excluded. Started In april Philips has been with the shedding of his tv activities.
From the quarterly figures from Philips show that the company in the second quarter of this year is a huge loss. Where the company in the same period a year earlier, a profit of 262 million euros and managed to books, there was in the last quarter there was a loss of 1.3 billion euros. That is largely due to depreciation on the healthcare and lighting divisions. At the same time, saw company revenue by 4 percent, rising to 5.2 billion euros.
Together with the presentation of its quarterly figures, the electronics manufacturer a cutbacks of 500 million euros was announced. It comes to a global economy, said spokesman Steve Klink, but it is not yet known whether there are jobs going to disappear. “Loss of jobs can you get with this kind of programs never to exclude, but it is now too early for them to go,” said Klink. The spokesperson would have to say that there is overlap and bureaucracy from the company to disappear.
Philips is already for some time under pressure because of declining sales, especially of consumer electronics. In april put the company’s first steps towards divesting its tv business, by bringing in a joint venture with TPV Technology. TPV has 70 percent of the shares in that company.