[Reuters] Philips to trim 6,000 jobs, posts first loss since 2003

Posted by: UGN Security

[Reuters] Philips to trim 6,000 jobs, posts first loss since 2003 - 01/26/09 12:17 PM

AMSTERDAM (Reuters) - Writedowns of more than 1 billion euros pushed Philips Electronics deep into the red in the fourth quarter, and it will cut 6,000 jobs to cope with a steep downturn that has hurt its consumer business.