Dutch electronics giant Philips will cut 6,000 jobs worldwide. WGN Radio 720

Post: January 30, 2023 / 1:53 AM CST

Has been updated: January 30, 2023 / 1:53 AM CST

The Hague, The Netherlands (AP) — Dutch consumer electronics and medical device maker Philips on Monday revealed a net loss of €1.6 billion ($1.7 billion) from net loss in 2022, meaning it could hit 6,000 people worldwide over the next two years. announced that it would reduce the number of jobs in Last year’s profit he was 3.3 billion euros.

The job cuts come in addition to the 4,000 job cuts the company announced in October.

The Amsterdam-based company is reeling from a global recall of sleep apnea devices and economic headwinds, including COVID-related problems in China and war in Ukraine.

CEO Roy Jakobs said 2022 was “a very challenging year for Philips and our stakeholders and we are taking decisive action to improve execution and urgently strengthen our performance.” I was.

He said the job cuts would cut costs significantly, making Phillips a “leaner, more focused organization.”