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Signify launches business review and cost-cutting drive

Summary by RTÉ
Signify, the world's biggest lights maker, has announced a €180m cost reduction initiative and a broad review of the business under its new chief executive, after it reported weaker-than-expected annual results.

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Lean Left

Good morning! Signify is cutting costs, which will cost 900 jobs, the lighting company announced this morning during its announcement...

·Netherlands
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The AEX index on the Amsterdam stock exchange closed Friday with a gain of 1001.65 points, an increase of 0.5 percent. Chip stocks Besi, ASMI, and ASML rose by up to 2 percent, lifting the main index. This contrasted sharply with lighting company Signify, which lost more than 17 percent of its market value in the MidKap after disappointing quarterly figures. The chip stocks recovered from earlier losses. ASML, Besi, and ASMI all gained up to 2 p…

The AEX index on the Amsterdam stock exchange started the weekend with gains on Friday, boosted by gains in chip companies Besi, ASMI, and ASML. In the MidKap, lighting company Signify was a notable loser after announcing disappointing quarterly results and a restructuring that will affect hundreds of jobs.

·Apeldoorn, Netherlands
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  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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The Manila Times broke the news in Manila, Philippines on Friday, January 30, 2026.
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