Restructuring optimizes Austria's Oldenburg Lighting Group to turn a profit

According to the Austrian "News" report, Zumtobel Lighting Group in Austria, after a loss of 4.8 million euros in the previous fiscal year, turned profitable in the 2014/2015 fiscal year and achieved a net profit of 11.9 million euros.

Since 2013, in order to reduce costs and optimize production capacity, the Zumtobel Group has taken a series of restructuring measures, including closing three of the 18 plants (in Switzerland, Sweden and Tianjin, China) and selling New Zealand and Innsbruck. The two branches and layoffs at the German branch. The Zumtobel Lighting Group is the world's leading supplier of lighting industry.

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