It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.
Wednesday, July 30, 2014
Well here's 7800 people who will no longer be contributing to GDP
Osram Cuts 7,800 Jobs as Traditional Bulb Sales Decline - Bloomberg
Osram AG, the world’s second-biggest lighting company, will cut an additional 7,800 jobs to safeguard earnings amid a faster-than-expected decline in sales of traditional bulbs.
The lay-offs will help Osram save 260 million euros ($349 million) in annual costs through 2017, the Munich-based company said in a statement yesterday. The new cuts add to an older plan to scrap 8,700 positions by the end of this fiscal year. The company had 35,108 employees as of Sept. 30.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment