Osram sends SOS, seeks investor

Osram sends SOS, seeks investor

Business news |
By Christoph Hammerschmidt

The former Siemens spin-off Osram got into trouble last month due to weak demand in China. The situation was exacerbated by a slump in demand from the automotive market, which had ordered fewer LEDs than expected. Against this backdrop, Osram recently announced job cuts at its LED subsidiary Osram Opto Semiconductors.

Related articles:

Osram lowers revenue expectations, sells luminaire business

Weak LED demand: Osram announces job cuts

Osram Continental GmbH joint venture to drive automotive lighting


If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles