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
400 jobs Number of planned job losses
Announcement Date
30 November 2012
Employment effect (start)
30 November 2012
Foreseen end date
31 December 2013
Description
As announced on November 30, 2012, German light bulb manufacturer Osram will cut 400 jobs in Germany. This is due to increased competition.
Osram is to be separated from its mother company Siemens and in this context already announced to make 850 people redundant in January (see here). The additional job reduction, which shall be realized until 2014, mainly affects the sites in Berlin, Wipperfürth (North Rhine-Westphalia) and Munich (Bavaria).
Worldwide, Osram will cut 4,700 additional jobs.
Sources
3 December 2012: Financial Times Deutschland
1 December 2012: Frankfurter Allgemeine Zeitung
30 November 2012: Osram (PR)
Citation
Eurofound (2012), Osram, Internal restructuring in Germany, factsheet number 74645, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74645.
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