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Osram to Cut Jobs in Germany


Osram AG plans to cut jobs in Germany to account for the industry's move toward LED technology, Dow Jones reports. Declining volumes in the traditional lighting business due to rising LED demand and regulatory changes will lead to a reduction of about 850 domestic jobs in this field by 2014, Osram said in a statement, adding that as many as 200 Osram workers may be transferred to Siemens.

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