back to article Philips admits first loss in six years

Royal Philips Electronics reported its first quarterly loss in nearly six years, prompting the consumer electronics giant to announce plans to cut 6,000 jobs worldwide in 2009. The layoffs will come on top of the 3,000 cuts in the past quarter. The Amsterdam-based company posted a Q4 loss of €1.47bn ($1.93bn, £1.39bn), …


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  1. Jack Barker


    at least part of the problem must be that their consumer electronics are crap.

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