lighting group osram announces more job cuts
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Lighting group Osram announces more job cuts

Arab Today, arab today

Arab Today, arab today Lighting group Osram announces more job cuts

Frankfurt - DW

German producer of lighting products, Osram, has said more massive layoffs are unavoidable to bring the ailing company back on track. The Siemens subsidiary has suffered from a shift to LED technology. Lighting product maker Osram of Germany on Friday said 4,700 more jobs would have to go globally in addition to cuts already announced earlier. Following a meeting of the advisory board in Munich, the company's management announced 4,300 more people would have to be laid off abroad, with 400 jobs to be cut at the German facilities of Berlin, Munich and Wipperfürth. The overall number of axed jobs would thus total 5,400 by the end of 2014, the company said, adding that the move was necessary owing to a large-scale shift in technology in the European lighting market and beyond. Cushioning the blow Osram said the rapid change from conventional to LED (light-emitting diode) lighting products was causing the company a headache, saying it would try and sell off many of its unprofitable facilities abroad. Until 2015, the firm aims to save up to 1.0 billion euros ($1.3 billion), money it could then invest in more modern technologies. "We'll be focusing on restructuring in a resolute way with a view to fully entering the digital era," Osram Chief Executive Wolfgang Dehen said in a statement. He said the company would start talks with workers' representatives on how to make the cuts in a socially responsible way.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lighting group osram announces more job cuts lighting group osram announces more job cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lighting group osram announces more job cuts lighting group osram announces more job cuts

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday