Philips continues to incur losses as a huge scale. Only during the first quarter of this year the company lost € 74 million losses reached € 740 000 per day.

Despite the fact that the American market for medical equipment is currently not in the best condition, Philips will continue to work in this area. In doing so, a leader in the production of goods for health will continue to support research and to invest in marketing. Despite all the encouraging factors, the situation is likely to force the company to sell shares in LG Display.

Last time was more difficult

«We are still confident that Philips will be released from the crisis even stronger company. Of course, the reputation that we earned on our main line, does not guarantee against the adverse impact of market problems, but it is much harder than a reputation that has been with us during a previous crisis », – said the company president Gerard Klyaysterli (Gerard Kleisterlee).

In the Japanese media today was informed that Sony is planning to delay the monthly salaries of all the working staff for the full year, counting from the beginning of fiscal year – from April.

In addition, the rate of senior management, including Chairman of the Board of Directors Howard Stinger (Howard Stringer) (pictured), will be significantly reduced – by 35-50%.

Annual premiums of all managers who are not involved in the management company will be reduced by 35-40%.

According to the Stinger in January this year, he was going to cut 16,000 Sony employees around the world and a complete restructuring of the company.

According to the expectations of experts, the losses Sony in this budget year, made a mark in 2,7 billion dollars. In connection with all of the deteriorating situation of the company – on the Tokyo stock exchange today, shares of Sony fell by 1,5%.

Reportedly, the company's Panasonic and Sharp are now operating on about the same pattern as the Sony.

PS News # 5000