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
950 jobs Number of planned job losses
Announcement Date
14 October 2024
Employment effect (start)
14 October 2024
Foreseen end date
31 December 2025
Description
German automotive supplier Brose has announced that it will cut about 950 jobs worldwide by the end of 2025.
The specific distribution of cuts between locations has yet to be finalised. In Germany, the programme may affect multiple sites (including Coburg, Bamberg and Würzburg). The local trade union informed that up to 240 positions at the Bamberg location alone will be affected by the programme. Currently, the conditions of the programme are negotiated with employee representatives, including works councils, according to local regulations.
The layoffs will affect mainly administrative positions at high-wage locations. Brose has revealed that the decision stems from the underutilisation of its highly automated manufacturing facilities, a situation exacerbated by a downturn in the automotive industry in Germany. Under the programme, the company is to build a simpler and more effective organisation.
Brose supplies components for around 80 automotive brands. Brose has 69 sites in 24 countries worldwide (Europe, Asia, Africa and both Americas). It employs 32,000 employees worldwide, including 10,000 in Germany.
Eurofound (2024), Brose, Internal restructuring in World, factsheet number 201755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201755.
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