Eindhoven-based lighting company Signify said on Friday it plans to reorganise and that includes a “restructure of its central organisation”, but did not mention how many jobs will go.

The company, formerly Philips Lighting, wants to save some €200 million a year through the reorganisation which will involve cutting the company into four divisions. Three will focus on customers and the fourth will be devoted to conventional lighting technology, the company said in a statement.

Chief executive Eric Rondolat says the company needs a new strategy “in the face of ongoing market volatility and uncertainty”. In particular, the weak market in China, related to problems in the real estate market, has hit consumer sales.

The Eindhovens Dagblad points out that Signify has undergone several small shake-ups in recent months, cutting jobs in the High Tech Campus and closing the former Philips factory in Maarheeze.

Last year the company booked turnover of €7.5 billion. Signify has a workforce of some 35,000 in more than 70 countries. 

Dutch News has asked Signify for details about the potential job losses.