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
1,300 jobs Number of planned job losses
Announcement Date
13 November 2017
Employment effect (start)
13 November 2017
Foreseen end date
31 December 2021
Description
As confirmed on 13 November 2017, the light bulb manufacturer Ledvance will cut up to 1,300 of its 2,300 jobs in Germany due to internal restructuring. This includes the closure of its sites in Augsburg with 650 employees and Berlin with 220 employees by the end of 2018. Further, 400 jobs will be cut in Eichstätt, Wipperfürth and Garching by 2021.
Ladvance argues that such measurements are inevitable because the light bulb market will change within the next 8 year. The sale of traditional light bulbs, which are produced in Augsburg, is expected to decrease by 90%.
In March 2017, Ledvance was bought by a Chinese group.
Ledvance has 9,000 employees worldwide.
Sources
13 November 2017: BR online
13 November 2017: Nordbayern.de Online
Citation
Eurofound (2017), Ledvance, Closure in Germany, factsheet number 92508, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92508.
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