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.
The German lighting manufacturer Osram will be cutting approximately 600 jobs by 2020 due to internal restructuring. The cuts are part of a new savings programme which intends to reduce the company’s costs with an additional €10 million (from €130 million as previously planned to €140 million). Mainly affected will be jobs in the company's line of production of traditional products, such as lightbulbs, and other non-profitable products in Berlin, Munich and Herbrechtingen.
Negotiations between management and works council have started.
The company, however, wants to continue to expand. Osram plans to grow its plant in Regensburg and intends to increase production in its new plant in Malaysia.
In 2014, Osram already cut approximately 2,000 jobs in its traditional production lines, but in 2017, the company also expanded with 1,000 jobs to cope with the production of infrared products that are increasingly in demand.
Eurofound (2018), Osram, Internal restructuring in Germany, factsheet number 94812, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94812.
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