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  1. RPE cuts 2,200 jobs

    NETHERLANDS: Royal Philips Electronics said today that it plans to cut 2,200 jobs by 2014 to save £240 million per year.

    Saving money will lessen “the effects of macro-economic headwinds and changes in pension cost accounting” said Philips Chief Executive Officer Frans van Houten — although he cast no light on what that peculiar statement was intended to convey.

    http://www.morningstaronline.co.uk/news/content/view/full/123761

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