Dutch Philips looks east over Brexit concerns
Philips chief executive Frans van Houten warned of possible declines in revenues and job losses in Britain as a result of Brexit. (AFP Photo/LEX VAN LIESHOUT)/ The Hague (AFP) - Dutch electronics giant Philips said Monday it will increasingly rely on emerging markets as a buffer against the possible negative effects of Brexit, warning of a revenue drop and possible job losses in Britain. "I don't think we've seen a big impact yet (from Brexit)," said the Amsterdam-based group's chief executive Frans van Houten. "But I am certainly concerned ...
Click
To Read Full Article