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 Manfacture for transport equipment Manufacture of motor vehicles, trailers and semi-trailers 29.3 - Manufacture of motor vehicle parts and accessories
400 jobs Number of planned job losses
Announcement Date
9 August 2024
Employment effect (start)
1 April 2025
Foreseen end date
1 January 2028
Description
The US automotive supplier BorgWarner, active in vehicle component manufacturing, is cutting around 400 jobs at its site in Kirchheimbolanden (Rhineland-Palatinate) by the end of 2028. The site, including its production and development center, is affected. Initially, a much more drastic reduction to just 500–350 employees was planned as part of the “Kibo 4.0” site strategy launched in 2021.
The restructuring is driven by the shift to electromobility, declining sales due to the phase-out of combustion engines, and rising energy and material costs. Job cuts will be implemented gradually and in a socially responsible manner – without compulsory redundancies – mainly through voluntary programs, partial retirement, and natural attrition.
A legally binding works agreement was reached after more than two years of negotiations with the works council and the IG Metall union. This agreement preserved a significant number of jobs and ensured the continuation of training programs.
BorgWarner Inc., founded in 1928 and headquartered in Auburn Hills (USA), employs around 52,700 people worldwide. In February 2023, it was announced that 266 jobs would be cut at the Ludwigsburg plant (Baden-Wuerttemberg)BorgWarner 2023 - DE.
Eurofound (2024), BorgWarner, Internal restructuring in Germany, factsheet number 202597, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202597.
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.
