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Employees protected against merger-related layoffs until the end of 2022.
November 12, 2019
By: Anthony Locicero
Copy editor, New York Post
Osram said it concluded a comprehensive business combination agreement with ams and recommends its shareholders accept the current takeover offer. “After intensive negotiations, we have agreed on many decisive framework conditions for the future of Osram and our employees,” said Olaf Berlien, CEO of OSRAM Licht AG. “The most important thing is that the employees at German locations are protected from merger-related layoffs until the end of 2022.” In addition, the Osram brand ...
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