Video Asylum

TVs, VCRs, DVD players, Home Theater systems and more.

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RE: Philips getting out of the TV business

Posted by JohanV on May 13, 2011 at 03:11:29:
Philips is the incredible shrinking man. In the beginning of the 80’s the company had about 80 thousand employees in the Netherlands and now less than 14 thousand and still decreasing. There comes a time when they only have their headquarters left over in the Netherlands.