Philips to close its UK factory in 2020, with loss of 400 jobs
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AMSTERDAM (Reuters) - Dutch health technology company Philips said on Thursday it plans to close its only factory in Britain in 2020, with the loss of around 400 jobs.The move is part of a push by Philips to reduce its large manufacturing sites worldwide to 30 from 50, and has no direct link with Britain's decision to leave the European Union, a spokesman said.The factory in Glemsford, Suffolk, produces babycare products, mainly for export to other European countries. Almost all its activities..