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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
500 jobs Number of planned job creations
Announcement Date
6 March 2020
Employment effect (start)
6 March 2020
Foreseen end date
31 December 2021
Description
The German auto exhaust technology specialist Boysen announced on 6. March 2020 that it will hire 500 new employees until the end of 2021. According to management, Boysen had a 12% increase in revenue in 2019 (€2.15 billion) and expects further gains to approximately €2.4 billion in 2020 and €2.6 billion in 2021. Furthermore, Boysen was able to acquire major orders which will secure the company’s basic usage rate until 2028.
Currently, Boysen has 4,600 employees.
Sources
6 March 2020: Pforzheimer Zeitung (online) (www.pz-news.de)
Eurofound (2020), Boysen, Business expansion in Germany, factsheet number 100101, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100101.
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