Thread regarding Philips Electronics layoffs

Philips Layoffs 2017

How come that we cannot find any info about layoffs in Amsterdam.

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philips has a wave of layoffs currently going on, dec 2017, they hit san jose, milpitas, foster city, closing up cle ami production and shifting it to haifa. same with ct production only a small ct production will remain in cle for us market. next on the list is bothell and andover, they have to save approx 300mill due to injunction on aed.

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Sorry to hear that, . Wish you good luck. Any others impacted?

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I just got laid off!!!!

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It's true. I have seen this with TSystems, Tata, Wipro, They force the companies to take in the refugees from IT. It's really slave trading like in the Dutch colonial times. Also saw finance forced to train Indians and then layoff the trainers. This is very imoral.

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Yes, there will be layoffs at other sites like Salinas Kansas

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Philips doesn't believe in layoffs in the Netherlands. They have gone as far as "shifting" (a Philips term) employees to 3rd party service companies and have required the 3rd party service provider to open an office in the Netherlands if they did not already have one. e.g Philips has (had?) service groups which touched different business units in different countries. Do to govt and works council laws in various countries, Philips cannot do a simple mass layoff. To get around that, they find a large service/consulting company and strike a deal where the service company for them to take the employees. Philips then "hires" those same employees via the service company. For Philips those employees are no longer Philips responsibility. Philips can now restructure without worrying about it's employees and the service company can have their new Philips employees cross train the existing employees, keep the Philips employees they want and get rid of the rest. Now each business unit/location is "disentangled" and can be sold or shutdown. Philips does make "hints" to the 3rd party companies about new jobs and opertunties that will be coming their way if they agree to it but it's all hinted at. Never in writing and then Philips changes their mind or goes in a new direction. I have to give Philips credit on this. They even managed to get these service companies to keep the old Philips employees for, at least, a year and a day. In most countries that is exactly long enough for Philips to not have to pay any support for the former employee. One company was so desperate, Philips wanted them to open an office in The Netherlands. The company was so sure Philips was going to be sending them so much work in the near future, they opened two offices, one in Amsterdam and on in Eindhoven.

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Any other sites having layoffs?

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Because nobody cares. Please get back to work to increase EBITDA for our shareholders.

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