Restructuring events
European Restructuring Monitor (ERM)
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.
The German company Bosch announced that it would cut up to 160 jobs at its sites in Murrhardt (Baden-Wurttemberg) were Bosch Power Tools and Bosch Rexroth produce, among others, pneumatic and cordless industrial tools as well as scewing technology. The management declared that the Murrhardt location has been facing competition and price preassure for years due to high production costs at the sites. According to the union IG Metall Bosch intends to relocate parts of the production to Eastern Europe, without specifying were exactly. As of March 2022, the final decision on the number of job cuts and the timing of the measure has not been taken yet. Management and unions are negotiating.
Eurofound (2022), Bosch, Offshoring/Delocalisation in Germany, factsheet number 106410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106410.
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