Philips anticipates creating more than 150 new jobs in Minnesota as part of the expansion, with the average salary for those positions projected to be around $100,000. Gov. Tim Walz visited the ...

Philips reaches $479 million settlement over CPAP machine recall People who have bought, leased or rented certain Philips Respironics sleep apnea machines can now file a claim for restitution. The ...

Last week Philips' new CEO, Roy Jakobs, apologized to patients for the pain caused by the recalled devices. Monday, while announcing the layoffs, he said the recall could cost the company at least ...

The medical device maker Philips has agreed to a $1.1 billion settlement to address claims brought by thousands of people with sleep apnea who say they were injured by the company's CPAP machines.

Philips said Van Houten would be replaced on Oct. 15 by Roy Jakobs, head of the company's Connected Care businesses. Van Houten's third term as CEO had been due to end in April.

The 2021 recall was for 20 different Philips devices, including its A-Series BiPAP ventilators and the DreamStation CPAP machines. In December, the company also recalled its Trilogy 100 and 200 ...

Philips to cut another 6,000 jobs Increases number of layoffs since October to 13% of current workforce Shares up 5.5% as Q4 results beat expectations ...