Lighting giant Signify to cut more jobs in the Netherlands

Eindhoven-based lighting company Signify said on Friday it plans to cut 1000 jobs across 30 markets worldwide, partly because of challenging market conditions. “Fewer than half” will be in the Netherlands, a spokesman told Dutch News News of the job losses came as the company presented its 2023 earnings figures, which showed turnover of €6.7 billion, compared with €7.5 billion in 2022 and drop of almost 11%. Net profit more than halved to €215 million, the company said. Chief executive...