![People are seen near the entrance of a Philips office in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part People are seen near the entrance of a Philips office in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part](https://c8.alamy.com/comp/2CXYP89/people-are-seen-near-the-entrance-of-a-philips-office-in-brussels-september-11-2012-philips-electronics-stepped-up-its-cost-cutting-drive-on-tuesday-and-said-more-jobs-would-go-as-part-of-a-drastic-overhaul-of-its-business-which-began-to-turn-around-in-the-first-half-after-losing-13-billion-euros-in-2011-reutersfrancois-lenoir-belgium-tags-business-employment-2CXYP89.jpg)
People are seen near the entrance of a Philips office in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part
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![The logo of Philips is seen at the company's entrance in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part The logo of Philips is seen at the company's entrance in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part](https://c8.alamy.com/comp/2E5H4E9/the-logo-of-philips-is-seen-at-the-companys-entrance-in-brussels-september-11-2012-philips-electronics-stepped-up-its-cost-cutting-drive-on-tuesday-and-said-more-jobs-would-go-as-part-of-a-drastic-overhaul-of-its-business-which-began-to-turn-around-in-the-first-half-after-losing-13-billion-euros-in-2011-reutersfrancois-lenoir-belgium-tags-business-employment-2E5H4E9.jpg)