Osram to Cut Jobs in Germany to Focus on LED Industry

Osram, glabal lighting company backed by Siemens, has announced to cut jobs in Germany for further transition to LED industry.

According to Osram’s statement on Tuesday, declining volumes in the traditional lighting business due to rising LED demand and regulatory changes will lead to a reduction of about 850 domestic jobs in this field by 2014. Meanwhile, as many as 200 Osram workers may be transferred to Siemens.

Currently, Osram employs about 41,000 people worldwide, including about 10,000 in its home country. But the statement didn’t mention to take similar measures outside of Germany.

Last year, Siemens wanted to list a majority Osram stake on the stock exchange but postponed that plan due to market volatility. Chief Financial Officer Joe Kaeser disclosed earlier this month that a flotation remains on the agenda but isn't a top priority for the Munich-based conglomerate at the moment.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

MaxLite adds to its portfolio of architectural-grade linear fixtures with the L-FORM™, a slender LED luminaire designed to deliver continuous runs of high-quality illumination in narrow suspended or surface mounted interior applications.... READ MORE

Panasonic Corporation announced today that it has developed the industry’s smallest*1 semiconductor device, the “PhotoMOS”[1] CC type series, which achieves low consumption current and contributes to equipment downsizing. The... READ MORE