Agence France-PresseSeptember 17, 2013 07:58
Dutch electronics giant Philips is to buy back 1.5 billion euros of shares, the company said Tuesday, also raising its targets for 2016.
The company, increasingly focused on healthcare, said it wanted to push ahead with its restructuring programme, including through job cuts.
Chief executive Frans van Houten declined to say how many jobs were concerned.
"We're not disclosing this number because these are mainly from natural attrition and it would cause unnecessary anxiety," Van Houten told a telephone press conference.