Philips Electronics pans to cut 1,600 jobs in the U.S. and Europe and close several semiconductor factories. The idea is to bring the chip division back to profitability by Q4, according to the Wall Street Journal. In the U.S., Philips said it would close semiconductor factories in San Antonio and Albuquerque.
Philips to Cut Jobs in U.S., Europe
Philips to Cut Jobs in U.S., Europe
