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LEDVANCE will shut down two facilities producing traditional lighting products which may affect approximately 135 employees.And traditional lighting products is diminishing is the reason why LEDVANCE’s decided to restructure its businesses.
LEDVANCE stated on January 11 that it will shut down two facilities producing traditional lighting products and it is looking to complete the closing by December 2018, as EdisonReport carried in an article.
The beginning of LEDVANCE’s statement made it clear that the worldwide lighting market keeps moving toward solid state lighting. The demand for LED products grows while that for traditional lighting products is diminishing. The trend has led to LEDVANCE’s decision to restructure its businesses.
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