Lighting products maker Dialight to cut about 12 pct of workforce

Aug 7 (Reuters) - Industrial lighting products maker Dialight Plc (LSE: DIA.L - news) said it would cut about 130 jobs, or around 12 percent of its workforce, excluding direct labour, nearly two months after it warned on full-year underlying operating profit.

Dialight, which was once part of the Dutch giant Philips (Amsterdam: PHIA.AS - news) , said on Friday the cuts would help it address inefficiencies and reduce operating costs by more than 3 million pounds ($5 million) per year on a run rate basis.

The program would lead to savings of more than 1 million pounds in the current financial year, although the benefit would be offset by cash costs of roughly the same amount, the company said.

($1 = 0.6448 pounds) (Reporting by Esha Vaish in Bengaluru; Editing by Anupama Dwivedi)