FILE PHOTO: The logo of Philips is seen at the company’s entrance in Brussels September 11, 2012. Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part of a drastic overhaul of its business, which began to turn around in the first half after losing 1.3 billion euros in 2011. REUTERS/Francois Lenoir (BELGIUM – Tags: BUSINESS EMPLOYMENT LOGO)/File Photo