Bosch Electrical Drives

Type
Closure
Country
Slovakia
Region
Slovensko; Východné Slovensko; Prešovský kraj
Location of affected unit(s)
Prešov
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.11 - Manufacture of electric motors, generators and transformers
200 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2024
Employment effect (start)
26 February 2024
Foreseen end date

Description

Bosch Electrical Drives SK announced that it would cease their operations producing electrical drives in its unit located in poorly developed Eastern Slovakia in Presov region. According to the spokesperson, 200 workers will be laid off because of the company closure. Originally, the plant at Presov was targeted to employ up to 4000 workers to meet growing demand for electrical units and drives powering electric bicycles. However, the e-bike market has not developed as expected and as a result existing demand can be met from the company's Hungarian plant at Miskolc.

Sources

Citation

Eurofound (2024), Bosch Electrical Drives, Closure in Slovakia, factsheet number 200938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200938.