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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.4 - Manufacture of electric lighting equipment
4,700 jobs Number of planned job losses
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.
Sources
Citation
Eurofound (2012), Osram, Internal restructuring in World, factsheet number 74591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74591.
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