Osram sends SOS, seeks investor
Business news
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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.
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