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25-10-2022, 08:03 AM
21:39, 24-Oct-2022
Dutch medical device manufacturer Philips said it will cut 4,000 jobs after taking a massive financial hit for the mass-recall of faulty sleep respirators pushed it into a loss.
The US$1.28 billion write-down for the defective machines pushed the firm, which currently has nearly 80,000 employees worldwide, into a net loss of the same amount in the third quarter.
Philips is negotiating with U.S. authorities over a final settlement regarding the faulty devices that put users with sleep apnea at risk of inhaling toxic foam, and faces a number of lawsuits.
https://newseu.cgtn.com/news/2022-10-24/...index.html
Dutch medical device manufacturer Philips said it will cut 4,000 jobs after taking a massive financial hit for the mass-recall of faulty sleep respirators pushed it into a loss.
The US$1.28 billion write-down for the defective machines pushed the firm, which currently has nearly 80,000 employees worldwide, into a net loss of the same amount in the third quarter.
Philips is negotiating with U.S. authorities over a final settlement regarding the faulty devices that put users with sleep apnea at risk of inhaling toxic foam, and faces a number of lawsuits.
https://newseu.cgtn.com/news/2022-10-24/...index.html
