Reuters, 29 Dec 2008, Saeed Azhar
SINGAPORE, Dec 29 (Reuters) - Dutch electronics firm Philips (PHG.AS) is cutting 5 percent of staff at its consumer lifestyle business in Singapore, or nearly 100 people, due to a restructuring of its global operations, the company said on Monday.
Some job losses will also take place in Hong Kong, Philips spokeswoman Lim Bee Hong said in a statement.
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