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
153 jobs Number of planned job losses
Announcement Date
17 May 2024
Employment effect (start)
17 May 2024
Foreseen end date
31 December 2024
Description
Bosch, a German multinational manufacturing automotive and construction equipment, is closing its site in Haute-Savoie, eliminating 153 jobs. The company's board of directors justified its decision by saying that the electrification of the automobile industry had led to a decline in demand for the goods produced at the site. The demand for hydraulic systems has fallen, while demand for electrical systems has not risen to offset the effect. However, employees believe that the company is closing its French sites to invest in Germany and Eastern Europe. This is not the first site to close this year, with restructuring plans in Mondeville, Saint-Ouen and Rodez.
Several previous major restructurings have been recorded in the ERM database, with the latest Mondeville closure resulting in the loss of 413 jobs in 2024 Robert Bosch Electronique
Eurofound (2024), Bosch, Closure in France, factsheet number 202021, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202021.
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