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.
Bosch 'Systèmes de Freinage France', or BSFR, the French braking systems unit owned by the German group Bosch, has presented to its works council a restructuring plan that will mean a reduction of 140 jobs by the end of 2008, and then the closure of the site in 2009 (a total of 240 job cuts).
The production of Beauvais would be relocated to Pont de l'Arche (Eure), Angers and Moulins (Allier).
In spite of three successive plans launched in 2001, 2003 and 2006, the company (bought out by Bosch since 1996) has not succeed in coping with the difficulties of the market, including thehigh rise of the prices of raw materials and pressure from clients. It had announced a few months ago a restructuring plan that would have affected some 86 employees, and aimed at recovering stability.
Thus this closure has been perceived as very "brutal" by the employees and the unions.
The management has promised to offer internal and external opportunities for the employees who have been made redundant.
Eurofound (2008), Bosch Systèmes de Freinage France (BSFR), Closure in France, factsheet number 66682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66682.
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