Rise in Cost-Cut Budget Prompts Philips to Axe Jobs
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Rise in Cost-Cut Budget Prompts Philips to Axe Jobs

By Jay Raol - Sep 11, 2012

Philips Electronics was forced to increase its target of cutting costs up to $1.4 billion or 1.1 billion euros. The company issued a statement that it has opted to cut a further 2,

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