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Siemens light bulb making unit Osram cutting 4,700 more jobs in restructuring

Canadian Press, The Canadian Press
0 Comments| November 30, 2012


BERLIN - German industrial conglomerate Siemens AG's light bulb unit, Osram, says it is cutting 4,700 additional jobs in its drive to save costs and phase out older technologies.

Company spokesman Stefan Schmidt told The Associated Press on Friday the cuts come on top of others previously announced, for a total of at least 7,300 reductions through 2014. Osram currently has some 39,000 employees worldwide

© The Canadian Press, 2005


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