Under-pressure Dutch medical tech maker Philips announced Monday it has set aside 575 million euros to resolve expected lawsuits in the United States, resulting from its massive recall of faulty sleep respirators. The Amsterdam-based firm said it was a defendant "in several class-action lawsuits and individual personal injury claims" in the United States due to…
Dutch medical technology manufacturer Philips will slash 6,000 jobs globally by 2025 in a bid to cut costs and improve competitiveness.
24 Oct 2022
Dutch medical device manufacturer Philips said Monday it will cut 4,000 jobs as another massive penalty for faulty sleep respirators pushed it into loss.
23 Sep 2020
After weeks of anticipation, TD Africa, sub-Saharan Africa tech, lifestyle and solutions distributor and one of the companies in the Zinox Group, is set to raise the curtains on the Tech Experience Centre, an ambitious technology project that is widely expected to bridge
28 Jan 2020
Dutch giant Philips said Tuesday that 2019 net profit rose seven percent and it planned to sell or hive-off its home appliances unit in order to concentrate on the health sector.
24 Oct 2018
Philips has launched in Nigeria an app-based portable ultrasound system, Lumify, to revolutionise the health sector in terms of service delivery and affordability.