Osram Continues Restructing with Planned 7,800 Layoffs Due to Traditional Lighting Business Decline

Osram’s substantial gains with LED-based products in the third quarter of
the fiscal year 2014, nearly offset the considerable shrinkage of its
traditional general illumination business. The company’s revenue dropped
somewhat by one percent year-on-year to about €1.2 billion. Osram’s
LED-based products business, posted a revenue increase of 21 percent in the
third quarter for …

Category: leddevpkgpower

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