Though times are tough for many LED industry players, the technology's crashing prices are...

|By:, SA News Editor

Though times are tough for many LED industry players, the technology's crashing prices are having a disruptive impact on the lighting industry. Siemens (SI) says its Osram lighting unit will slash 850 jobs by 2014, due to the declining sales seen for traditional lighting products on account of the LED market's growth. Fellow lighting giants GE and Philips (PHG) are likely to face similar pressure. (earlier)