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.
Continue reading
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.
Continue reading

Samsung Electronics is showcasing its latest display technologies, solutions and partner-integrated offerings at InfoComm, the largest professional audio-visual industry trade show in North America, held in Orlando, Fla., from June 11 to 13. T... READ MORE

Signify, the world leader in lighting, is proud to unveil the Philips GrowWise smart spectrum - an innovative algorithm designed to automatically optimize horticultural LED lighting based on real-time sunlight irradiation. Signify empowers gro... READ MORE