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 engineering and technology company Bosch has announced plans to cut up to 5,550 jobs globally.
The layoffs are part of a restructuring effort in response to declining demand in the automotive sector and competition from Chinese manufacturers and will be carried out within the next few years.
The reductions will primarily affect Germany, where 3,800 positions are set to be eliminated, including 1,300 at the Schwäbisch Gmünd plant by 2030 and 750 at the Hildesheim facility by 2032. These cuts focus on the cross-domain computing solutions division, which develops intelligent driving systems, with 3,500 jobs being phased out globally by the end of 2027. The German restructuring event has been recorded in the ERM events database Bosch 2024 - DE.
The conditions of the programme will be negotiated with employee representatives according to local regulations. Bosch emphasizes the need to align its workforce with market realities while facing resistance from works councils and unions opposing the scale of layoffs.
Founded in 1886, Bosch is a leading global supplier of technology and services. The company operates in four business sectors: mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control) and energy and building technology. The company has 470 subsidiaries in some 60 countries and employs about 429,000 people worldwide.
The previous global restructuring events were recorded in the ERM events database in January 2024 which affected the software and electronics division Bosch-2024-WO and February 2024 BOSCH-2024b-WO
Eurofound (2024), Bosch, Internal restructuring in World, factsheet number 202058, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202058.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
