Philips 2013 Annual Report Download - page 12
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12 Annual Report 2013
Culture change driving
improvement
The renewal of our company culture continued to
pay further dividends in 2013, with our engaged
employees driving performance improvement
across the organization.
Read more on page 16
Increasing our cost
productivity
As we move toward a single value-added layer
above our business and market organizations, we
are on track to deliver gross overhead and indirect
cost savings of € 1.5 billion by 2015.
Read more on page 18