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Electronics Production | December 08, 2008

Philips shed 100 workers in Holland

Netherlands based Philips plans to lay off 8% of the employees at its shaver plant in Drachten, The Netherlands.
According to a spokesman at Philips the plant will cut more then 100 jobs. Today the Drachten facility has 1,500 employees, a Reuters report states. Last week, the company said it won’t meet its 2010 target plan and will take additional measures to cut costs.

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