The job cuts, primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal 2012 and will help reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks, the company said today in a statement. In total, the job losses at Osram will amount to about 7,300 positions. The measures will cost a "mid-three digit million figure" through 2014, with the savings realized in full a year later.