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PHG / Philips scraps 6,000 jobs in drive to improve profitability

Philips scraps 6,000 jobs in drive to improve profitability
Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value. Read More
Posted: Jan 30 2023, 01:11
Author Name: Reuters
Views: 110636

PHG News  

Philips (PHG) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

By Zacks Investment Research
October 24, 2023

Philips (PHG) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Philips' (PHG) third-quarter results benefit from strong momentum across the Diagnosis & Treatment, Connected Care and Personal Health businesses. more_horizontal

Philips' Profit Rises After Simplifying Operations and Shoring Up Its Supply Chains

By Investopedia
October 23, 2023

Philips' Profit Rises After Simplifying Operations and Shoring Up Its Supply Chains

American depositary receipts (ADRs) of Philips (PHG) advanced as the health technology firm posted better-than-expected results and raised its outlook more_horizontal

Philips raises outlook despite sleep machine saga

By TechXplore
October 23, 2023

Philips raises outlook despite sleep machine saga

Dutch medical device maker Philips raised its 2023 earnings outlook on Monday after posting stronger third quarter sales and profits despite a recent more_horizontal

Philips CEO: China is having a tough time, but it has 'very bright' prospects

By CNBC International TV
October 23, 2023

Philips CEO: China is having a tough time, but it has 'very bright' prospects

Philips CEO Roy Jakobs discusses the company's third-quarter results and the outlook for China. more_horizontal

Dutch health tech company Philips raises outlook as Q3 profit jumps

By Reuters
October 23, 2023

Dutch health tech company Philips raises outlook as Q3 profit jumps

Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with a more than doubling of third-quar more_horizontal

What's in the Cards for Koninklijke Philips' (PHG) Q3 Earnings?

By Zacks Investment Research
October 20, 2023

What's in the Cards for Koninklijke Philips' (PHG) Q3 Earnings?

Koninklijke Philips' (PHG) third-quarter results are likely to reflect strength in the Diagnosis & Treatment and Connected Care segments amid macroeco more_horizontal

Philips (PHG) Aids Clinicians With New Monitoring Solution

By Zacks Investment Research
October 17, 2023

Philips (PHG) Aids Clinicians With New Monitoring Solution

Philips (PHG) launches Visual Patient Avatar to help anesthesiologists with situational awareness in operating rooms, boosting their clinical confiden more_horizontal

Koninklijke Philips: Hold For Now

By Seeking Alpha
October 12, 2023

Koninklijke Philips: Hold For Now

Exor recently entered Philips with a 15% equity stake (and optionality to arrive at 20%). PHG agrees to conduct additional testing and notes ongoing c more_horizontal


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