Philips Semiconductors

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Nijmegen(NL), San Antonio (Texas), Albuquerque (New Mexico)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
410 - 1,600 jobs
Number of planned job losses
Job loss
Announcement Date
4 November 2002
Employment effect (start)
1 December 2002
Foreseen end date
1 December 2003

Description

Philips Semiconductors employs over 32,000 employees in more than 50 countries. With sales of around $4.4 billion in 2001, Philips Semiconductors is one of the world's top semiconductor suppliers. 90 job losses announced on 4 December 2002 (50 should happen 'naturally', for the other 40, Philips tries to find an outplacement solution).

In 2003, new dismissals were announced by the company (2003-03-13).

Sources

  • 14 March 2003: De Volkskrant
  • 6 November 2002: Het Financieële Telegraaf
  • 4 November 2002: De Telegraaf

Citation

Eurofound (2002), Philips Semiconductors, Internal restructuring in World, factsheet number 60192, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60192.