Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Spain, United Kingdom
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

60,000 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2004
Employment effect (start)
Foreseen end date

Description

This a worldwide plan to reduce costs.


Sources

  • 10 January 2004: El PaĆ­s

Citation

Eurofound (2004), Philips, Internal restructuring in World, factsheet number 59230, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59230.