The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture Of Electronic Components
142 jobs Number of planned job losses
Announcement Date
7 November 2024
Employment effect (start)
Foreseen end date
31 December 2026
Description
AMS-Osram, an Austrian chip and sensor manufacturer, is taking decisive action to streamline its operations and reduce costs. This includes a planned global reduction of over 500 employees in different departments. Around a third of the jobs being cut are to be relocated to best-cost countries, mainly Malaysia.
In Regensburg Germany, German Metalworkers' Union stated that some 142 jobs are affected in the research and development department. Additional job cuts are being made in Premstätten, Austria, where fewer than 50 jobs will be cut by the end of 2026, with jobs being outsourced to Asia.
The company's CEO, Aldo Kamper, stated that the job reductions were a direct result of ongoing economic weaknesses in key markets. In the last quarter, revenue fell by 3% to €881 million.
AMS-Osram will save €75 million by 2026. The automotive sector is uncertain, and demand in the industrial and medical technology markets is weak, while the semiconductor business for mobile devices and greenhouses will decline.
Eurofound (2024), AMS-Osram, Internal restructuring in Germany, factsheet number 202028, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202028.
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