The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
290 jobs Number of planned job losses
Announcement Date
17 June 2020
Employment effect (start)
17 June 2020
Foreseen end date
31 December 2021
Description
As announced on 17 June 2020, Bosch Automotive Steering, a subsidiary of Bosch, will close its plant in Bietigheim, Baden-Württemberg, by the end of 2021, which will result in the loss of 290 jobs. The production will be, however, relocated to other German or European plants. Bosch plans to convert the Bietigheim plant into a research facility. According to the company, the restructuring is necessary due to high costs.
Bosch confirmed that the redundancy plan will be as socially acceptable as possible and will try to exclude compulsory redundancies.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
