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 29.32 - Manufacture of other parts and accessories for motor vehicles
312 jobs Number of planned job losses
Announcement Date
20 May 2015
Employment effect (start)
Foreseen end date
Description
In June 2014, the German engineering firm Bosch announced it would lower the workforce of its plant in Tienen, Belgium, by 2020. Originally, 410 job losses were envisaged. This has been reduced recently to 312 jobs. At the moment, the company is planning to use the subsidized early pension system for some 150 employees. The company hopes to stimulate voluntary departure of younger employees by giving them severance pay. The factory, which currently employs some 1,100 people, makes windscreen wiper parts and is suffering from price competition. As a result conventional windscreen wiper production in the Belgian factory is no longer viable. Bosch has indicated however that it will invest more in the production of the new generation of windscreen wipers in Tienen.
Sources
20 May 2015: De Tijd
Citation
Eurofound (2015), Bosch, Internal restructuring in Belgium, factsheet number 83564, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83564.
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