Osram to cut 10% of workforce in Germany
Osram Ag has announced it will decrease its German workforce by 1000 jobs, saying that its future lies in LED.
Osram, a unit of Siemens AG that employs 10,000 in Germany, said in a statement that 850 jobs will be cut through 2014. As many as 200 additional employees will move to Siemens.
“The future lies in LED and we will actively drive this structural change,” Wolfgang Dehen, chief executive officer of Osram, said in the statement. “That’s why it is important to create clearness for our employees, early on and in an open manner.”
“The future lies in LED and we will actively drive this structural change,” Wolfgang Dehen, chief executive officer of Osram, said in the statement. “That’s why it is important to create clearness for our employees, early on and in an open manner.”
Frequency Electronics buys Elcom Technologies
Frequency Electronics has completed the purchase of all the capital stock of Elcom Technologies.
©tamas-ambrits-dreamstime.com
7 new customers for Kitron Germany
Ad
Wistron snaps up Nook production deal
Taiwain-based ODM Wistron is said to have secured manufacturing orders from Barnes & Noble.
More News
- Pakistan's military makes a tablet
- CTDI opens new site in France
- Connect Group achieves IRIS
- Camtek achieves 22 percent YoY growth
- Three companies vying for French electronics manufacturer
- Kolín car maker to decrease production, cut 150 jobs
- Olympus exec dead from apparent suicide
- Cencorp: "the year was not particularly good"
- Aros Quality profit grows
- Icape Group successfully expands in America
- Kindle Fire production goes to Foxconn
- Sacom: Foxconn prepared for inspections
- PCB market booms on normalised sales
- FSM Elektronik purchases Siplace SX line
- BOE to receive more orders from TPV
- Samsung: LCD spin-off closer to reality
- Incap's closure of factory costs 600,000
- Solid Semecs signs contract for medical devices
- FLA CEO: Foxconn has tons of issues
- Plexus delays construction
- Applied Kilovolts makes board level appointment
- PlayStation Vita teardown
- Scott Gebicke joins Jabil Defense and Aerospace Services
- E-Waste Systems partners with CR Electronics
- Corintech appoints new Managing Director
- Digi-Key expands agreement with Elektron
- Connect Group reports good annual results
- Manz receives FPD order
- SPI and Escatec form JV in Shanghai
- Partnertech: Net sales were SEK 2,322.2 million
- Demand leads to Pickering sales expansion
- FLA president: Foxconn conditions above average
- Aspocomp: sales grew in 2011
- Thales: ticket reader ready for bank cards
- Reconstruction of Printca finalized
- TDR acquires Efore business unit
- Sony Ericsson buy out completed, new brand launched
- 100 new jobs for Odelo
- Sanmina-SCI achieves new accreditation
- Kongsberg receives F-35 Joint Strike Fighter orders
Comments
Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.