Osram: 108 layoffs in France

Those employees are refusing to waive parts of their salary and wages. This, however, is necessary - according to local management - to ensure the competitiveness of the location, reports Reuters. Osram wants to reduce the salary and working hours of 600 production workers (of its currently 800 staff) - for the next 3 years by around 1/8. The sales department and the local management are not affected by this decision. Osram attempts to switch the production facility over to other products, as the EU is to implement the ban on conventional light bulbs. The switch over however, requires the reduction of labour costs - even if the facility currently runs on full capacity, the report continues.