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 car supplier Bosch will cut more than 600 positions at the engine-manufacturing plants in Reutlingen, Ansbach (Bavaria) and in Salzgitter (Lower Saxony). The job cuts are motivated by decreasing orders of engines with internal combustion and transition to new electric technology. The Reutlingen plant will suffer alone 500 of the redundancies. In December 2019, the company's management informed that the workforce will be reduced by natural fluctuation and early retirement.
Currently, the employees are protesting and the works council is negotiating with the management.
Eurofound (2019), Bosch Automotive Electronics, Internal restructuring in Germany, factsheet number 99380, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99380.
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