The decision to exit the front projection business affects a total of approximately 270 jobs at the central offices and development centre in Eindhoven, the product introduction and production in Vienna, Austria, and the regional sales organizations.
It is the intention to stop production in the third quarter of this year. Philips will fulfil all its obligations to customers and continue to support them in the most appropriate way. In February of this year, Philips announced its withdrawal from the front projection business in the United States, where the market is predominantly in the business to business segment.
Philips is in consultation with the workers’ representatives on the employment consequences of the restructuring.