Osram

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Germany, other locations
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.4 - Manufacture of lighting equipment
27.4 - Manufacture of lighting equipment
4,700 jobs
Number of planned job losses
Job loss
Announcement Date
30 November 2012
Employment effect (start)
1 December 2012
Foreseen end date
31 December 2013

Description

Osram, a German lightbulb and LED lightning units producer, will reduce its headcount by 4,700 employees by 2014. The company will close factories worldwide to attain that goal. Osram is responding to changes in its market and is moving away from producing traditional lightbulbs.

Osram is part of the Siemens, a group itself going through a restructuring. Part of that reorganisation is a spin-off of Osram.

Citation

Eurofound (2012), Osram, Internal restructuring in World, factsheet number 74591, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74591.