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.
On 1st February 2013, Bosch announced a restructuring plan, which will result in 117 redundancies out of a total 1,542 currently employed.
520 job cuts were initially expected but the management decided to bring down the number of redundancies. The restructuring is part of a plan to deal with the current crisis in the automotive sector and to increase the competitiveness of the plant by obtaining the manufacture of new products.
In addition, the management wants to increase the working time by 2015 by revoking “days of working time reduction” (free days given to the employees for working over 35 hours/week), but there will be no wage reductions. Bosch will fund an early retirement plan reduce its workforce and has assured that there will be no forced dismissals .
Eurofound (2013), Bosch, Internal restructuring in France, factsheet number 74872, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74872.