Philips
Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs
Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds including COVID-related issues in China and the war in Ukraine. CEO Roy Jakobs said 2022 was a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency. He said the job cuts will significantly reduce costs and make Philips a leaner and more focused organisation.
 "Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs")
TPV Technology launches Philips ANC headphones with swipe touch controls
Named Philips TAH8506BK, the headphones are priced at Rs 10,999. It will be available for purchase on Amazon India
 "TPV Technology launches Philips ANC headphones with swipe touch controls")
Philips soundbars with Dolby Atmos, wireless subwoofer launched: Details
Philips TAB8947 3.1.2 and Philips TAB7807 3.1 CH Dolby Atmos Soundbars will be available at Rs 35,990 and Rs 28,990 across leading online platforms and offline stores in the country
 "Philips soundbars with Dolby Atmos, wireless subwoofer launched: Details")
In season of pollution, here is what your air purifier needs to do
The device must clean up particulate matter, allergens and ultra-fine dust particles
 "In season of pollution, here is what your air purifier needs to do")
Philips to slash 4,000 jobs globally after weak quarterly earnings
The job cut represents over five per cent of the company's work force
 "Philips to slash 4,000 jobs globally after weak quarterly earnings")
Philips SpeedPro Aqua review: Good cordless vacuum cleaner for small spaces
The addition of mop accessory gives the Philips SpeedPro Aqua an advantage over peers because most cordless cleaners make do with vacuum function alone
 "Philips SpeedPro Aqua review: Good cordless vacuum cleaner for small spaces")
Netherlands jumps 5 places to become India's 5th-largest export destination
Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place
 "Netherlands jumps 5 places to become India's 5th-largest export destination")
Philips sees Q4 earning dipping 40% due to part shortage, ventilator recall
Philips on Wednesday said it expected fourth-quarter core profit to drop around 40% to about 650 million euros ($739.25 million)
 "Philips sees Q4 earning dipping 40% due to part shortage, ventilator recall")
LG ToneFree to Philips Fresh Air Mask, interesting devices launched in 2021
Business Standard lists five interesting devices launched in India this year
 "LG ToneFree to Philips Fresh Air Mask, interesting devices launched in 2021")
Philips Fresh Air Mask review: Helps tide over feeling of breathlessness
The Philips Fresh Air Mask is a one-of-its-kind face mask with a built-in fan to help tide over the feeling of breathlessness, which many face while wearing conventional face masks for extended hours
 "Philips Fresh Air Mask review: Helps tide over feeling of breathlessness")
Philips beats earnings forecast; mobilises for respiratory device recall
The group also announced a 1.5 billion euro share buyback set to start in the third quarter and take up to three years.
Philips NV said to shortlist Asian cos in bid for $4 billion appliance unit
Philips invited Chinese buyout firm CDH Investments and domestic appliance maker TCL Technology Group Corp. to lodge second-round offers,
Under TPV's banner, Philips eyes spot among top 5 Indian TV producers
Under an agreement, TPV has global licensing rights to manufacture and sell Philips branded TV and audio
 "Under TPV's banner, Philips eyes spot among top 5 Indian TV producers")
Philips plans to close its UK factory in 2020, with loss of 400 jobs
The factory in Glemsford, Suffolk, produces babycare products, mainly for export to other European countries
 "Philips plans to close its UK factory in 2020, with loss of 400 jobs")
Philips banks on Taiwanese partner TPV Technology to woo TV buyers in India
India will be the third biggest TV market in the world with sales growing at an average 11 per cent over the next three years
 "Philips banks on Taiwanese partner TPV Technology to woo TV buyers in India")
Philips to make a comeback into Indian market with new television range
Riding on the high brand value of Philips among the Indian consumers, TPV Technology is aiming to be among the top 5 brands here in the TV segment and capture a market share of 6 to 8% by Dec 2020
Philips gets Virat Kohli as brand ambassador for male grooming products
The announcement was made as Philips launched the latest range of Philips Trimmers BT 3000 Series
 "Philips gets Virat Kohli as brand ambassador for male grooming products")
Philips realigns its health care map
Here's why India is important for Philips' transformation from a consumer company to a health-tech major
 "Philips realigns its health care map")
Philips to buy Spectranetics for $1.7 billion
The Dutch firm is moving more aggressively to bolster its growing health care business
Philips posts seven-fold jump in profits in Q1
Net profit soared to $281 million in the first 3 months of 2017
