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1 year ago

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Philips to cut 5% of workforce as new CEO acts to counter falling sales

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Philips to cut 5% of workforce as new CEO acts to counter falling sales

Philips' new CEO announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70% off the Dutch medical equipment maker's market value in the past year.

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Philips to cut 5% of workforce as new CEO acts to counter falling sales

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Philips to cut 5% of workforce as new CEO acts to counter falling sales

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