Seeking Alpha

Siemens (SI) lighting unit Osram has agreed to sell its traditional lighting production...

Siemens (SI) lighting unit Osram has agreed to sell its traditional lighting production operations in Shaoxing in China in a deal that will cut the firm's headcount by 2,000. The move is part of Osram' plan to reduce staff by 8,000 by the end of 2014 and slash €1B in costs by 2015; it comes ahead of Siemens spinning Osram off. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)