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.
The management of a German automotive supplier Bosch decided to transform its plant in Vénissieux, France into a solar panel equipment production site. Bosch's investment in the production of solar panels will save jobs threatened by the decision to cease the production of pumps for gas oil motors in the plant. After negotiation with social partners, the management decided to transform the plant, saving 200 jobs within the site. Still, at least 70 jobs will be cut in 2012 - mostly by retirement or voluntary departures.
In the future, the management wants to merge the site with a second one, also located in Vénissieux, Bosch Rexroth, currently employing 400 workers. Bosch plans to employ about 1000 in the future.
Eurofound (2012), Bosch, Internal restructuring in France, factsheet number 73365, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73365.