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.
German technology provider Bosch announced to close down its site in Rutesheim resulting in 230 job cuts affecting fixed-term employees. Another 500 employees with open-ended contracts will be relocated to Bosch’s site in Feuerbach. The company stated that it decided to shut down the site by 2019 deciding to use empty buildings in Feuerbach instead in an attempt to remain competitive. The restructuring will be carried out in several steps which are currently negotiated with the works council.
Bosch, headquartered in Gerlingen (Baden-Wuerttemberg), currently employs around 375,000 staff worldwide. Over 130,000 employees work in Germany.
Eurofound (2016), Bosch, Closure in Germany, factsheet number 86855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86855.
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