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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.11 - Manufacture Of Electric Motors, Generators And Transformers
200 - 400 jobs Number of planned job losses
Announcement Date
27 February 2024
Employment effect (start)
26 February 2024
Foreseen end date
Description
Bosch Electrical Drives SK announced that it would cease their operations producing electrical drives in its unit located in poorly developed Eastern Slovakia in Presov region. According to the spokesperson, 200 workers will be laid off because of the company closure. Originally, the plant at Presov was targeted to employ up to 4000 workers to meet growing demand for electrical units and drives powering electric bicycles. However, the e-bike market has not developed as expected and as a result existing demand can be met from the company's Hungarian plant at Miskolc.
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