{"id":13244,"date":"2023-03-11T08:09:36","date_gmt":"2023-03-11T08:09:36","guid":{"rendered":"https:\/\/onhee.com\/?p=13244"},"modified":"2023-03-11T08:09:36","modified_gmt":"2023-03-11T08:09:36","slug":"philips-cuts-6000-jobs-after-sleep-device-recall-losses-deepen-says-report","status":"publish","type":"post","link":"https:\/\/onhee.com\/?p=13244","title":{"rendered":"Philips Cuts 6,000 Jobs After Sleep Device Recall Losses Deepen, Says Report"},"content":{"rendered":"<p>Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.<\/p>\n<p>Click Here: <a href='https:\/\/www.shopskm.com\/rugby-Jerseys\/NRL-Telstra-Premiership\/Panthers' title='cheap penrith panthers jersey'>cheap penrith panthers jersey<\/a><\/p>\n<p class=\"caption-image-wrapper\">\n                        philips-<\/p>\n<h2 class=\"block-header-title x-medium\">Jump To<\/h2>\n<nav class='mt-10 jumplink-nav'>More job cuts 3 months after 4,000 firedChief Executive Roy Jakobs&#8217; statementUS investigation underway<\/nav>\n<h2 id=More_job_cuts_3_months_after_4_000_fired><b>More job cuts 3 months after 4,000 fired<\/b><\/h2>\n<p>Chief Executive Roy Jakobs announced the &#8220;difficult, but necessary further reduction of our workforce&#8221; by 2025, which comes just three months after it announced another 4,000 cuts.\u00a0&#8220;2022 has been a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency,&#8221; Jakobs said in a statement.<\/p>\n<p>The Amsterdam-based firm unveiled net losses of 105 million euros ($114 million) for the fourth quarter of 2022 and 1.6 billion euros for last year as a whole, largely due to the recall.<\/p>\n<p>Philips announced a global recall in 2021 of its appliances to treat people suffering from sleep apnoea.<\/p>\n<p>This followed concerns patients risked &#8220;possible toxic and carcinogenic effects&#8221; if they inhaled or swallowed pieces of degraded sound-dampening foam on the machines.<\/p>\n<p class=\"caption-image-wrapper\">\n                        philips<\/p>\n<h2 id=Chief_Executive_Roy_Jakobs_statement><b>Chief Executive Roy Jakobs&#8217; statement\u00a0\u00a0<\/b><\/h2>\n<p>Jakobs, who took over in October, said Philips needed to &#8220;improve performance and simplify way of working to improve agility and productivity.&#8221;<\/p>\n<p>&#8220;This includes the difficult, but necessary further reduction of our workforce by around 6,000 roles globally by 2025,&#8221; he added.\u00a0A total of 3,000 of the new job cuts would be made in 2023.<\/p>\n<p>Starting off as a lighting company more than 130 years ago, Philips has undergone major changes in recent years, selling off assets to focus on making high-end electronic healthcare products.<\/p>\n<p>But that shift has been called into question by the giant recall that has pushed it into loss and seen the previous CEO step down.<\/p>\n<h2 id=US_investigation_underway><b>US investigation underway<\/b><\/h2>\n<p>The company is now under investigation by the US Department of Justice, is negotiating with US authorities over a financial settlement, and is the defendant in several class-action lawsuits in the US.<\/p>\n<p>Jakobs said Philips would focus on &#8220;strengthening patient safety and quality management and completing the Respironics recall.&#8221;<\/p>\n<\/p>\n<p>The firm has produced around 90 percent of the replacement devices it needs to shop to patients, the company said.<\/p>\n<p>But it is also increasing the number of replacements, requiring the company to set aside a further 85 million euros.<\/p>\n<p>Philips said it had not yet included possibly US payouts in its accounts due to the &#8220;uncertain nature&#8221; of the eventual amounts.<\/p>\n<p>In December Jakobs told AFP that testing on the recalled respirators showed they were &#8220;within safety limits&#8221; for use but that a final verdict rested with global regulatory authorities.<\/p>\n<p><strong><em>For more on news and current affairs from around the world please visit\u00a0<\/em><\/strong><strong><em>Indiatimes News.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators. Click Here: cheap penrith panthers jersey philips- Jump To More job cuts 3 months after 4,000 firedChief Executive Roy Jakobs&#8217; statementUS investigation underway More job cuts 3 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/onhee.com\/?p=13244\" class=\"more-link\">Read more<span class=\"screen-reader-text\"> &#8220;Philips Cuts 6,000 Jobs After Sleep Device Recall Losses Deepen, Says Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13244","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/onhee.com\/index.php?rest_route=\/wp\/v2\/posts\/13244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onhee.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onhee.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onhee.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onhee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13244"}],"version-history":[{"count":0,"href":"https:\/\/onhee.com\/index.php?rest_route=\/wp\/v2\/posts\/13244\/revisions"}],"wp:attachment":[{"href":"https:\/\/onhee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onhee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onhee.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}