According to foreign media news, recently received a report from LEDVANCE, the report on the recent LEDVANCE layoffs.
In the report, LEDVANCE said that LEDVANCE has more closely studied its internal structure in view of the transformation of the lighting market from traditional to LED. Therefore, LEDVANCE decided to abandon approximately 90 employees in the United States.
The layoffs primarily affected the functions of LEDVANCE's US company in Wilmington, MA.
LEDVANCE said: "We are grateful to these employees for their valuable contributions to the lighting industry and customers, and are doing their best to support them. This is a tough decision, but it is necessary for our future success."
Looking to the future, LEDVANCE said that the company's strategy remains unchanged and will continue to provide customers with world-class products and services. “We are still committed to strengthening our LED business through innovative new products, and despite the market downturn, we remain strong in traditional lighting. We believe that our streamlined processes and more flexible approach, coupled with our deep tradition and Expertise will drive our business forward,†LEDVANCE said in the report.
The foreign media said that it was extremely appreciative of LEDVANCE's positive response and transparency in layoffs.
Affected by the transformation of traditional light sources into LED light sources and the rise of Chinese lighting companies, international lighting giants are often accompanied by rapid “slimming†momentum while vigorously entering LED lighting. Other international manufacturers have chosen to completely divest the lighting business, focusing on high The field of value added, thus causing layoffs to occur. In addition to LEDVANCE, there are some news from recent foreign lighting manufacturers that layoffs, such as world-class photovoltaic manufacturing sales, and LED sales company ReneSola recently been alleged layoffs, but the layoffs are limited to the lighting of the business.
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