The electronics giant Philips announced over six thousands of job cuts.
Netherlands-based Philips said 6,000 jobs would be lost worldwide in 2009 following quarterly losses of 1.9 billion dollars, its first quarterly loss since 2003.
The company which employs 121,000 people around the world, said it had not announced where the job cuts would fall, saying they would be decided on a case by case basis.
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