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 16 August 2017, the German engineering and electronics company Bosch Rexroth, a subsidiary of Bosch, announced it will close its Fellbach plant by the end of 2017, resulting in the loss of 100 jobs. Bosch Rexroth produces industrial hydraulics components. The closure is part of a plan to optimise processes and reduce costs.
The German Metalworkers’ Union confirmed that a social plan has been negotiated, offering early retirement and semi-retirement programmes as well as severance payments to half the employees. The remaining employees have been relocated to other plants within the Bosch-Group.
Bosch Rexroth has 28,000 employees in Europe.
In November 2015 Bosch Rexroth cut a total of 1,150 jobs in Elchingen and Lohr am Main. Previously in August 2015, Bosch Rexroth had already cut 300 jobs at its plant in Horb.
Eurofound (2017), Bosch Rexroth, Closure in Germany, factsheet number 91737, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91737.