UBS Raises PT on Philips Electronics (PHG); A Company on Track with Plans

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Go back to UBS Raises PT on Philips Electronics (PHG); A Company on Track with Plans

Philips (PHG) Plans More Cost-Cutting Measures, Sees Headcount Reduction at 6,700

September 11, 2012 7:00 AM EDT

Shares of Koninklijke Philips Electronics NV (NYSE: PHG) are trending higher early amid reports that the Company is planning to implement cost-cutting measures, which may include even more job cuts.

On Tuesday, CEO Frans van Houten said Philips is aiming... More