Restructuring events
European Restructuring Monitor (ERM)
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.
Etas, a subsidiary of German technology company Bosch specializing in vehicle software, is planning to cut up to 400 jobs worldwide over the next three years.
The layoffs will concern one in eight employee worldwide. Around half of the layoffs are expected to be in Germany. The exact numbers of job cuts are not yet known.
The restructuring programme, aimed at addressing declining demand for intelligent driver assistance systems and other industry challenges, will be implemented in consultation with staff representatives and designed to minimize social impact.
Etas was founded in 1994. Currently, the company employs 3,100 people in Europe, Asia and the Americas.
Eurofound (2024), Etas , Internal restructuring in World, factsheet number 202140, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202140.