China No Match for Dutch Plants as Philips Shavers Come Home

By Maaike Noordhuis – Royal Philips Electronics NV (PHIA) workers in the Dutch town of Drachten who expected to be fired were astonished when the site manager said the company was bringing production of its top-priced electric shavers home from China.

“The Netherlands in particular is a country of trade, it is how we earn our money,” said Maarten Leen, an economist at ING. Set up as...