Philips Communication, Image & Security (CIS)

Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
1,300 jobs
Number of planned job losses
Job loss
Announcement Date
8 August 2002
Employment effect (start)
Foreseen end date

Description

Philipps sales one of his division (CIS) to a german company, Robert Bosch. All the workers will be transfer to Robert Bosch.

Citation

Eurofound (2002), Philips Communication, Image & Security (CIS), Merger/Acquisition in World, factsheet number 59447, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59447.