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 - Manufacture of motor vehicles, trailers and semi-trailers
1,800 jobs Number of planned job creations
Announcement Date
22 April 2008
Employment effect (start)
1 January 2008
Foreseen end date
31 December 2008
Description
On 22 April 2008, Bosch Rexroth announced the creation of 1,800 new jobs - mainly in production but also in research and development - by the end of 2008. The drive and control specialist’s sales for 2007 saw an increase by 8.8 percent amounting to around EUR 5.4 billion. In 2008, the company seeks to continue is business expansion scheme. As part of the business expansion scheme Bosch Rexroth had invested 377 million euro into several of its locations in 2007. In the last year, Bosch Rexroth had already employed 1,800 additional employees in its production units or in its research and development departments. At the end of 2007, more than 17,900 people were working at the company’s locations in Germany.
Sources
23 April 2008: Financial Times Deutschland
Citation
Eurofound (2008), Bosch Rexroth, Business expansion in Germany, factsheet number 66547, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66547.
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