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Osram To Cut 900 Jobs In North America

wochit business
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September 30, 2013 AT 9:07 AM
German lighting maker Osram Licht AG said it will shut down some of its lighting maintenance sites in the United States and Canada as it is slashing jobs and selling factories while shifting its business away from traditional street lights to keep up with LED technology. Osram said the restructuring at Osram Sylvania will affect around 900 staff.