Type
Internal restructuring
Country
Germany
Region
Bayern; Oberbayern; Traunstein
Location of affected unit(s)
Traunreut
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.40 - Manufacture of electric lighting equipment

200 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2013
Employment effect (start)
12 October 2013
Foreseen end date
31 December 2015

Description

Siteco Beleuchtungstechnik, a subsidiary of lighting manufacturer Osram, is to cut 200 jobs in Traunreut (Bavaria) until the end of 2015. Job reductions are to mainly affect production and administration. Logistics will be outsourced to a service company.

The measure is to increase competitiveness within the cost intensive luminaires business. According to company officials, cuts will follow a social plan.

In total, Siteco employs 1,000 workers in Germany. Munich-based Osram employs about 39,000 staff worldwide. For former restructuring at Siteco mother company Osram see WO2012, DE2012/1 and DE2012/2.


Sources

  • 11 October 2013: Osram (Press release)

Citation

Eurofound (2013), Siteco, Internal restructuring in Germany, factsheet number 76025, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76025.