General Lighting Maker LEDVANCE Plans Drastic Cuts - Energy Watch News

General Lighting Maker LEDVANCE Plans Drastic Cuts

LEDVANCE GmbH of Germany is continuing the process of moving the company away from the production of conventional lighting sources to LEDs. The company contends that LED solutions are being adopted at a much faster rate than expected. For this reason, LEDVANCE says it needs to make deep cuts in manufacturing and personnel. The company says it intends to concentrate its production in Germany in Wipperfürth and Eichstätt. The company’s management told the employee representatives that about 1,300 jobs in Germany will be affected with the headcount reduction measures through the end of 2021.

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