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Zumtobel AG to Withdraw Magnetic Ballasts and Tansformers; to Cut Jobs


Tuesday, 25 Jun 2013 06:15am EDT 

Zumtobel AG announced that its lighting components brand Tridonic is to withdraw from the production and sale of magnetic ballasts and transformers with effect from December 30, 2013. With a proactive schedule of measures, the Company is generating the necessary response to the restrictions that European Union (EU) legislation will impose on inefficient magnetic technology from 2017 onwards. Withdrawal from the magnetics business will affect two production plants: the Fuerstenfeld site in Styria with 102 employees and magnetics production in Melbourne, Australia, which employs 49 people. The Fuerstenfeld plant is to close. Tridonic management will be working closely with employee representatives to arrive at balanced solutions for the affected employees. As an alternative to closure as of December 30, 2013, the option of selling the Melbourne plant is the subject of intensive discussions with a potential investor who would retain a part of the workforce in the event of purchase. At this moment in time, a decision is to be taken. 

Company Quote

14.0
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30 Oct 2014