Philips Struggles with Decline in Chinese Market

Philips Faces Challenges in China

Philips continues to face difficulties as China significantly reduces purchases of the company's medical systems. Additionally, the sales of toothbrushes and razors have also declined in the country.

Cost-Cutting Measures

To address these challenges, Philips aims to save hundreds of millions extra this year through cost-saving initiatives.

Executive Perspective

Roy Jakobs, the top executive at Philips, remains at the forefront of managing the company's strategies amidst the market pressures.

Sourcing:

Bart-Jan van Rooij, Date: 19-02-25, Time: 08:15, Last Update: 15:16, Source: ED