Royal Philips NV (PHIA) recently reported that they lost two employees when the Malaysian Air Flight MH17 crashed in Ukraine, killing a total of 298 people most of whom were from Netherlands. The plane was flying from Amsterdam to Kuala Lampur when it was hit by a surface to air missile.
Malaysia Airlines MH17 crash site
The company CEO Frans van Houten, in an interview with Bloomberg TV, today, expressed remorse towards the incident and said that it was a “ terrible terrible thing”. He also suggested that the issue should be investigated by the governments of the countries involved. Van Houten declined to comment on any corporate fallout from rising tensions between the EU, Russia and the US. He also advised against jumping to conclusions on the transpired event, stating that the governments should look into it.
Phillips has a partnership in heath care with MEDSI, which is Russia’s largest network of private clinics ; to develop a network that efficiently provides medical care in Russia. The company is also in a joint venture for the production of light emitting diodes with JSC Optagon.