Philips pops higher after new round of job cuts

Investing.com -- Philips (AS: ) stock jumped on Monday, defying the broader selloff in European equities, after the Dutch company announced another 6,000 job cuts to shore up profitability. By 05:05 ET (10:05 GMT), Philips stock was up 5.8% in Amsterdam, making it the best-performing stock in the…

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