Osram Stock Plunges on German Plant Closure – Key Facts & Forecast
Factory Closure Shocks Local Community In Schwabmünchen (near Augsburg, Bavaria) 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.de. At a workers’ meeting on Oct 22 the company explained that unprofitable traditional lighting segments (industrial lamps and auto bulbs) 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.de b4bschwaben.de. Local media report that roughly 270 jobs will vanish (plus dozens