India to face the heat of Philips job cuts

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Dutch electronics major Royal Philips Electronics’ decision to cut 4,500 jobs globally as part of an 800-million cost-cutting scheme will leave its impact on the Indian operations.

While the company said it is still working out the number of jobs which will be impacted in India, the cuts are mainly going to be in functions like IT, finance, real estate, human resource, manufacturing and supply chain.

Philips currently has some 9,000 employees in India, including its two global research facilities for lighting in Noida and software development at Bangalore and employees of companies it has acquired in India.

Two senior people, familiar with Philips India, said the number of jobs cuts in India could be around 200, which, however, the company did not confirm.

A Philips India spokesperson said the company will shortly undertake due diligence about the number of jobs impacted in India. “The job cuts will be affected over the next two years. We would have a better idea on the exact impact in a few months.” he said.

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