Investors are enthusiastic about splitting Philips – De Morgen

Investors are enthusiastic about splitting Philips – De Morgen

23.09.14, 11u33 – Source: Belga

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dm Philips Investors today respond enthusiastically to the drastic changes that the Dutch company Philips is making in his organization. The group split itself into two separate companies by the Healthcare and Consumer Lifestyle divisions insert under the heading Health Tech and independent. The lighting division together Made the news of the Philips share in the Dutch AEX index, the largest increase.

The share was this morning around 10:30 2.6 percent higher. The parts to be assembled, had last year a turnover of 15 billion euros, revenue at the lighting division totaled EUR 7 billion. That they have, according to CEO Frans van Houten sufficient scale to take advantage of the heritage of over 120 years of innovation.

The interventions provide additional

cost savings of 100 million in 2015 and another 200 million in 2016 However, restructuring also brings a non-recurring charge of € 50 million with it. Loss of jobs in support functions such as IT, real estate and human resources according to Van Houten is not excluded. The Dutch trade union FNV says to take into account redundancies.

Philips also has several activities in Belgium. The most important is the factory in Turnhout, where gas lamps are produced. Which are used for example in sports stadiums. It employs 1,100 people. It’s volgs LBC-NVK secretary Peggy Schuermans still too early to assess the consequences. Turnhout Perhaps later today, followed by a works council.

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