Philips To Cut 4,500 Jobs As Profit Plunges
This massive lay off was caused by BRIBED incumbents in the US House and US Senate by Red Chinese lobbyists, causing non green and toxic expensive light bulbs to be hoisted on you! Vote accordingly in November 2012.
~ Uncle Russ
Royal Philips Electronics NV, the world’s largest lighting maker, said Monday it will slash 4,500 jobs after third quarter earnings fell sharply, hurt by a strong euro, weaker margins and more losses at its television division, which it intends to sell.