Collin Arocho
30 October 2019

After posting a slumping sales report, Signify has announced it is slashing 121 jobs from its Turnhout, Belgium factory. According to the Eindhoven-based illumination experts, formerly Philips Lighting, this cut in its workforce comes as a result of the dwindling conventional lighting market – as the traditional lamps produced in Turnhout are increasingly being replaced by state-of-the-art LED lamps.

Credit: Signify

Despite the shift in market trends, Signify still sees the Turnhout factory as an asset for its portfolio. While the overall market for conventional lighting is shrinking, there’s still a market for these systems in the greenhouse horticulture sector, among others. As such, the lighting experts plan to continue operations in the factory with the remaining 363 employees.