THE HAGUE – Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.
The Amsterdam-based firm revealed the “difficult but necessary” job cuts as it announced losses of 1.6 billion euros ($1.7 billion) in 2022, largely on the back of the safety issue.
The fresh layoffs come just months after Philips announced the loss of another 4,000 posts, against a total workforce of just under 80,000 employees around the globe.
Philips is now facing investigations and lawsuits in the United States after it was forced…
