Type
Offshoring/Delocalisation
Country
Germany
Region
Baden-W├╝rttemberg; Stuttgart; Esslingen
Location of affected unit(s)
Leinfelden-Echterdingen
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.2 - Manufacture Of Other General-Purpose Machinery
New offshoring locations

560 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2024
Employment effect (start)
31 January 2024
Foreseen end date
31 December 2025

Description

At the end of January 2024, it was reported that German engineering and technology company Bosch will cut 560 jobs at its Power Tool Division in Leinfelden-Echterdingen. Job cuts are to be realised by the end of 2025.

After the COVID-19 pandemic, Bosch Power Tools kept losing market shares. The company wants save on costs and become more efficient to improve its market position.

Job cuts mainly affect positions in its research & development and administration departments. The company wants to realise job cuts without having to resort to compulsory redundancies. Instead, affected employees will be offered partial or early retirement schemes, severance agreements or positions at other Bosch locations. Some activities will be relocated to more cost-effective locations abroad.

The German Metalworkers' Union has already stated that it will not accept this decision.

Bosch Power Tools currently employs around 2,000 employees in Leinfelden-Echterdingen. The latest news on job cuts at Bosch follow its announcements of reducing personnel at its automotive division in Stuttgart-Feuerbach and Schwieberdingen (Bosch-2023-DE).


Sources

Citation

Eurofound (2024), Bosch Power Tools, Offshoring/Delocalisation in Germany, factsheet number 200805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200805.