Philips 2007 Annual Report Download - page 40
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Philips Annual Report 200746
Employment
Employment
in FTEs
2005 2006 2007
Position at beginning of year 161,586 159,226 121,732
Consolidation changes:
- new consolidations 1,795 4,834 6,654
- deconsolidations (2,552) (44,085) (3,535)
Comparable change (1,603) 1,757 (1,050)
Position at year-end 159,226 121,732 123,801
of which:
continuing operations 115,052 115,092 118,098
discontinued operations 44,174 6,640 5,703
Excluding discontinued operations (MedQuist in
2007 and Semiconductors in 2006), the total number
of employees of the Philips Group was 118,098 at the
end of 2007, compared to 115,092 at the end of 2006.
Approximately 46% were employed in the Lighting
sector, due to the strong vertical integration of
this business, and about 23% at Medical Systems.
The consumer businesses DAP and CE accounted
for 20% of Philips’ workforce.
Employees per sector 2007
in FTEs at year-end
Medical Systems
27,441
DAP
9,881
Consumer Electronics
13,516
Lighting
54,323
I&EB
7,638
GMS
5,299
1)
1) Excluding discontinued operations
The main employee increase in 2007 came from
acquisitions made in Lighting (Partners in Lighting
International, Color Kinetics), CE (Digital Lifestyle
Outtters) and in Innovation & Emerging Businesses
(Health Watch and Raytel Cardiac Services).
The largest reductions in 2007 occurred due to the sale
of business interests in Innovation & Emerging Businesses
(most notably Optical Storage), in CE (primarily the Mobile
Phones business) and in Group Management & Services
(principally the Financial Shared Services operations).
Opening at Schiphol Airport, Amsterdam, in early 2008, the rst
implementation of Philips’ ‘One Star is Born’ concept by hotel
chain citizenM has been developed to offer guests ‘affordable
luxury’. Integrating multiple functionalities, this innovative solution
puts the consumer at the heart of the hotel experience and
enables hotel owners to optimize operating costs.
8 Financial highlights 10 Message from the President 16 The Philips Group
Management discussion
and analysis
62 The Philips sectors