Restructuring events
European Restructuring Monitor (ERM)
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.
German light bulb manufacturer Osram is to cut 1,700 jobs in Germany where the company currently employs around 10,000 people. The job losses are part of a restructuring programme which previews reducing global staff numbers by 7,800 jobs worldwide by September 2017. Osram suffers from decreasing demand for traditional light bulbs with LED technology being unable to compensate for these losses.
Osram is a worldwide operating company with around 35,000 employees. In 2012, it announced a job reduction plan envisaging 4,700 job cuts. In Germany, the company's sites in Berlin, Wipperfürth, München and Traunreut were affected (see Osram-DE2012). Recently, the company announced to cut 105 jobs at its site in Augsburg (see Osram-DE2014).
Updated, 19-08-2014: As reported by daily newspaper "Sueddeutsche Zeitung" on 9 August 2014, the job reduction will result in 1,800 redundancies instead of 1,700 as initially announced. Moreover, the management published some details regarding the affected locations: Between 350 and 400 jobs will be cut in Augsburg. More than 300 jobs will be cut in Eichstätt. In Berlin, 282 jobs will be cut and in Schwabmünchen and Wipperfürth between 70 and 80 jobs will be affected.
Updated, 10-09-2014: As reported by daily newspaper "Sueddeutsche Zeitung" on 10 September 2014, the restructuring in Eichstätt will result in 350 job cuts.
Eurofound (2014), Osram, Internal restructuring in Germany, factsheet number 77375, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77375.
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