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.
Bosch Packaging Technology plans to scale back operations at its Manesty site in Knowsley. Due to greater competition in the market and the economic crisis, the company announced plans to end the production of tablet presses and coaters at Manesty. Production will move to two sites in Germany, and will result in around 100 job losses, although the company says it aims to keep the redundancies to a minimum. The reduction in workforce will not begin until 19 March 2016 at the earliest. A representative of Bosch stated that “competition has increased and it has become difficult for the Knowsley location to compete on a global scale. Furthermore, new technology demands for solid dose manufacturing were introduced to the market and because of the increased demand for line solutions, Bosch Packaging Technology sees the need to adapt its business model to these changed market conditions ... ...as a consequence, tablet presses and coaters will be produced on behalf of the business at two specialist pharmaceutical sites in Germany according to the strategic fit: Waiblingen for tablet presses and Hüttlin in Schopfheim for coaters. Manesty in the UK will continue to supply a full schedule of services for all its machines delivered to our customers throughout the world.”
Eurofound (2016), Bosch Packaging Technology, Reshoring in Germany, factsheet number 249, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/249.
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