Philips Lighting to lose 430 jobs in Europe

Dutch electronics company Royal Philips Electronics NV plans to reorganize its lighting plants in the Netherlands and cut 430 jobs there “to ensure competitiveness in the changed economic circumstances,” according to a report on Dow Jones Newswires. The reorganization affects plants in Oss, Eindhoven, Deurne/Maarheeze and Roosendaal, Netherlands. The biggest cuts will take place at the Oss plant, where 243 workers will lose their jobs. That facility will focus on high-technology development, and will move a much of its product manufacturing to Philips’ plants in Poland. The Roosendaal plant, which manufactures fluorescent lamps and other energy-saving lamps, will cut 25 jobs. Philips said it plans to make investments at this facility to increase efficiency.