Zumtobel Axes Jobs to Improve Margins

Zumtobel announced plans of slashing 600 jobs, about 8 percent of its workforce to double operating profit margin by 2016 to 2017 and stay competitive against Asian manufacturers, according to a Reuters report.

The organization slim down will be done gradually over several quarters by merging certain plants and sales operations, said Zumtobel CEO Ulrich Schumacher.

According to Schumacher the restructure will help boost the company’s margin for adjusted earnings before interest and tax (EBIT) from 4 percent to 5 to 6 percent in 2014 to 2015, and 8 to 10 percent by 2016 to 2017.

Estimated restructuring costs will reach EUR 15 to 20 million (US$ 21 to $26 million) in the fourth quarter ending in April 2014.

Like other European rivals Osram and Philips, Zumtobel is struggling against competing Asian companies including Samsung Electronics and Toyoda Gosei who are unburdened by legacy lighting operations.

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.

NF2W585AR-P8 is a dual function LED that provides both white light and high doses of energy geared for inactivation of various prevalent bacteria. With a 405nm wavelength1 die known to be effective in sterilization, this LED can be used t... READ MORE

  The 5050 LED is replacing the 3535 LED, which has long been the leader in the outdoor lighting market. The existing ceramic-based 3535 has excellent reliability but is expensive. At present, the 5050 LED, which has achieved remarkable p... READ MORE