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
240 jobs Number of planned job losses
Announcement Date
14 October 2024
Employment effect (start)
14 October 2024
Foreseen end date
31 December 2025
Description
As announced on 14 October 2024, German automotive supplier Brose plans to cut 950 jobs worldwide by the end of 2025. The company's plants are underutilized, and the layoffs will primarily affect administrative positions at high-wage locations.
It is not yet known which locations exactly will be impacted. However, according to trade union IG Metall, 240 jobs are expected to be cut in Bamberg, Bavaria. Additionally, the sites Coburg and Würzburg could be impacted. The union is basing this information on the company meeting held in the summer of 2024.
Brose employs 32,000 people globally, including 10,000 in Germany.
Eurofound (2024), Brose, Internal restructuring in Germany, factsheet number 201802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201802.
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