search query: @all company restructuring / total: 142
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Author:Brown, D.
Title:Philips falls from grace
Journal:Business
1990 : SEP, p. 57-59, 61-62, 64
Index terms:ELECTRONICS INDUSTRY
NETHERLANDS
FINANCIAL MANAGEMENT
Language:eng
Abstract:Assessment of the crisis which hit Philips, Europe's largest electronics manufacturer, and its boss Jan Timmer. Employees and range of products. Losses. High retail prices and subsidies. High cost base. Multilayered structure. Drop in income. US lawsuit. Restructuring. Timmer's plan to turn the company around. Cost of semiconductor operations. Rivals. Market share of its lighting division. Painful choices in all divisions. Lower margins. Timmer's style. Change in Philips' corporate culture.
SCIMA record nr: 84364
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