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 German automotive supplier Bosch will be cutting 240 of its 390 jobs at its Bosch-Automotive-Steering-plant in Bremen-Huchting by 2020 due to internal restructuring. According to some sources, production may be relocated to other Bosch plants in Hungary and France — this has yet to be confirmed by Bosch. The company considers the cuts to be inevitable in order to preserve the plant’s long-term competitiveness. Negotiations between company representatives and works council have already started. They will try to avoid operational terminations and will support early-retirement programmes.
Eurofound (2018), Bosch, Internal restructuring in Germany, factsheet number 93262, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93262.