Philips cuts 6,000 more jobs as electronics giant’s faulty sleep device pushes it into the red by £1.49bn

Philips is cutting 6,000 jobs globally in a bid to reduce costs and improve the efficiency of its supply chains. The Dutch electronics manufacturer said it would cut around eight per cent of its workforce by 2025, as it counts the costs of suspected faulty sleep devices which it is still recalling. In its full [...]