Sylvania Lighting Services Restructuring to Affect 900 Jobs
Munich based Osram Licht AG, a former unit of Siemens AG, said a restructuring of its traditional lighting maintenance business Sylvania Lighting Services in North America will affect about 900 jobs.
Shifting Lighting Market
Osram is addressing structural challenges for its reporting segment Luminaires & Solutions business in line with the lighting market’s shift to semiconductor based products and solutions. In a first step the company will restructure its traditional lighting maintenance service business in North America, Sylvania Lighting Services (SLS), and focus on the growing demand for energy-efficient lighting upgrades and new value-added services. These measures will affect around 900 positions in total. “Our focus is on profitable growth and therefore we are consequently implementing the company’s transformation agenda,” said Wolfgang Dehen, CEO of OSRAM Licht AG.
The transition to LED technology is decreasing the demand for traditional lighting maintenance services while creating opportunities for the company to build on its strengths in lighting upgrade projects. The strong project base will facilitate the expansion into value-added services that provide enhanced solutions for the customers. Osram Sylvania therefore will restructure its traditional lighting maintenance service business in North America and consolidate its service center network. As a result, the company will discontinue a significant part of its locations in the U.S. and Canada within the next six months. The restructuring will impact approximately 900 positions. These changes will result in a more agile company structure consisting of both fixed and remote project hubs. The transformation will position Sylvania Lighting Services to deliver sustainable solutions for its customers in the transition to energy-efficient solutions and services.
For more information, visit Osram.