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Evening Standard

Business

Simon Hunt

Philips to cut 4,000 jobs after millions of devices recalled over safety concerns

Philips Roy Jakobs Euro

Philips
(Picture: REUTERS)

The boss of Philips has said he will cut as many as 4,000 jobs, just nine days after stepping into the role as he seeks to chart a new course to restore the reputation of the beleaguered health technology firm.

CEO Roy Jakobs, who become CEO on the 15^th of October, said the move was part of a drive to improve patient safety and quality management after the firm shocked investors when it was forced to recall millions of devices over health concerns in June last year.

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