Siemens AG, Munich, Germany, clarified plans for a spin-off of its Osram lighting business in preparation for an independent listing on public exchanges. The company also plans to reduce its Osram workforce by 4,700 workers, most through sales of production plants and the closing of smaller plants with lower sales and facilities producing lighting products nearing the end of their product life cycles. At the same time, Osram will invest in staff increases in markets and product lines that ...

Only Electrical Marketing newsletter subscribers have access to premium content.

Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

To sign up for the Electrical Marketing newsletter click here.

Already registered? here.