2014-07-30

Osram Plans to Slash 7,800 Jobs as Traditional Lighting Business Shrivels Up

Osram stated in its recent 3Q14 financial earnings press release intentions of implementing various additional measures to further improve the competitiveness of its operating units. The associated capacity adjustments of about 7,800 positions worldwide over the next three fiscal years. A Reuter’s report noted 1,700 positions in Germany would be affected, while the remaining 6,100 job cuts will be directed towards other global jobs. Depending on the implementation speed of the measures and the restructuring costs’ effect on earnings, the reported EBITA margin could be below the targeted 8 percent EBITA margin in the fiscal year 2015. Below is Osram's financial report for 3Q14.
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2014-07-22

Philips to Scale Up Overhaul of Traditional Lighting Business

Philips will be speeding up the overhaul of traditional light business in favor of LED as more customers switch to energy efficient products, according to a Reuters report.
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This year's report plays a key role in aligning with the upcoming standards of the European Union and is built on a significantly broader data foundation than in previous years. For the first time, the report includes all LEDVANCE entities... READ MORE

Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LEDs, is pleased to announce that Cube Direct Mountable Chip received the LightFair Innovation Awards in the LED Chips & Modules category. ... READ MORE