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 29.32 - Manufacture of other parts and accessories for motor vehicles
2,000 jobs Number of planned job losses
Announcement Date
10 June 2020
Employment effect (start)
10 June 2020
Foreseen end date
1 January 2022
Description
German automotive supplier Brose plans to cut 2,000 jobs in Germany until 2022 due to internal restructuring. While the announcement was made before the COVID-19 crisis, details have been published recently. The decision will mainly affect employees in Bavaria -among others at Coburg, Bamberg, Hallstadt and Würzburg. Brose intends to create new jobs and build a new plant in Serbia, but no further details have been disclosed for this operation.
The company is expecting drop in sales by 25% for 2020; 2019 was a turbulent financial year for Brose. With the COVID-19 crisis and sales expected to be down by 25% in 2020, this job reduction is considered inevitable in order to become profitable again.
Eurofound (2020), Brose, Internal restructuring in Germany, factsheet number 101202, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101202.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
