Restructuring events
European Restructuring Monitor (ERM)
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.
German manufacturer of lighting equipment Osram has announced plans to cut 300 out of the 2,800 positions at its subsidiary Opto Semiconductor in Regensburg. The company cited weak demand from the automobile industry, the decrease in sales by smartphone manufacturers such as Apple and Samsung and the effects of the trade conflict between USA and China as the main causes. There is no information on the timeframe for the restructuring.
The group previously restructured in 2018, when 600 jobs were cut.
Eurofound (2019), Osram Opto Semiconductor, Internal restructuring in Germany, factsheet number 96519, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96519.