Sunday, November 6, 2016

Philips plug in coming years, factories in foreign countries – Eindhovens Dagblad

LONDON – Philips is going in the coming years, worldwide about 20 factories to close and merge, so that, by around 2020, about 30 large factories remain. For the Netherlands there will be no consequences, says ceo Frans van Houten on request. The netherlands has 2 large two factories, at Best (with a little 3,000 employees) and in Drachten (2,000 employees). That it remains so. In 2015 and 2016 are 5 factories closed, in Sweden and in the United States.

worked There about 10 to 20 employees per establishment. Through various acquisitions over the years is the number of Philips factories, a confusing patchwork. By subsidiaries to merge or close, can be strong on the costs.

Strategy
Frans van Houten spoke Friday in London, with the complete Philips top approximately 200 analysts and investors about the state of affairs and its strategy. A new beginning does he not want to speak. Wooden prefer a new chapter in the book that tells the story of the transformation of Philips into a on the health technology-based multinational company. “In the past five years the sign stood of preparation, now, we must continue to deliver.”

Organic growth
That a new chapter is about organic growth in turnover of approximately 5 percent per year to 20 billion euro, and a higher percentage of annual percentage points) driven by innovation.

“A conscious choice to hundreds of millions more in research and development to cross. That is going to bear fruit.” That competitors, Siemens and GE Healthcare make more profit, writes the Philips ceo to their lower budgets for research and development.

Philips pays an annual 1.7 billion euro in research and development.

Read Saturday more in the ED, or through the digital newspaper.

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