EMCC European Monitoring Centre on Change

Osram

Company/Organisation:
Osram

Geographic Location

Country: World
Location of affected unit(s): Germany and other unspecified countries worldwide

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.4 - Manufacture of electric lighting equipment
Number Employed: 39000
Group: Siemens

Employment Effects

Announcement Date: 30-11-2012
Planned Job Reductions min: 4700
Planned Job Reductions max: 4700
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2012
Foreseen End Date: 31-12-2013
Direct Dismissals: 4700

Additional Information

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.