Philips Healthcare, a division of Royal Philips Electronics, Amsterdam, Netherlands, will cut some 1,600 jobs worldwide as a part of a restructuring plan, according to company officials.
Our business leaders have been asked to take a look at their divisions and see where they can simplify and de-layer their head counts to make a leaner organization, said company spokesman Steve Kelly. The job cuts will reduce Philips Healthcares workforce by roughly 5% and are in response to both the current global economic downturn and the companys need to streamline its response efforts to customers, said Kelly.
The Philips spokesman had no details about where the cuts will take place, but noted the company will take a global approach to downsizing its healthcare division. Some staff reductions have already been announced, with both the Andover, Mass., and Bothell, Wash., locations instituting layoffs, according to Kelly. There was no information available on the number of employees affected by the staff cuts there. -- by Shawn Rhea