Osram Stock Plunges on German Plant Closure – Key Facts & Forecast
In Schwabmünchen the announcement that Osram’s factory will shut by end-2027 hit as a bombshell. Long-time plant manager Rainer Barthel recalled seeing “tears in the eyes of several employees” when learning the news Augsburger Allgemeine. At a workers’ meeting on Oct 22 the company explained that unprofitable traditional lighting segments have shrunk and could not be saved. Ams OSRAM said it explored options – even talks with a defense-industry firm – but ultimately decided closure was unavoidable Augsburger Allgemeine B4Bschwaben. Local media report that roughly 270 jobs will vanish Augsburger Allgemeine Augsburger Allgemeine. Unions staged a protest outside the gates, with IG Metall officials calling the move “incomprehensible” given workers’ efforts to modernize production.
