Philips has posted a €103 million (81 million) net loss on third quarter earnings just three weeks after announcing that it wants to split off its lighting division. The Dutch giant blamed slowing markets in China and Russia and a ...
Tags: Philips, Announcement, Lighting
The $805m deal is for Rexam's pharmaceutical devices and prescription retail packaging divisions. In a statement, Rexam said that following the completion of the deal it proposes to “return £450m of the proceeds to ...
Tags: Healthcare Divisions, Rexam
Philips cuts 2200 jobs 19 Sep 2012 Philips plans to lay off 2200 workers between now and 2014,but the company has not stated what effect the cuts will have on the lighting division. On September 11,Royal Philips Electronics NV ...