Osram Licht AG (OSR), a former unit of Siemens AG (SIE), said a restructuring of its traditional lighting maintenance business Sylvania Lighting Services in North America will affect about 900 jobs.
The company will discontinue a “significant part” of its locations in the U.S. and Canada in the next six months as it focuses on energy-efficient solutions, the Munich-based company said in an e-mailed statement today.
“Our focus is on profitable growth and therefore we are consequently implementing the company’s transformation agenda,” Chief Executive Officer Wolfgang Dehen said in the statement. Read more at Bloomberg.