The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
60,000 jobs Number of planned job losses
Announcement Date
10 January 2004
Employment effect (start)
Foreseen end date
Description
This a worldwide plan to reduce costs.
Sources
10 January 2004: El País
Citation
Eurofound (2004), Philips, Internal restructuring in World, factsheet number 59230, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59230.
