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 - Manufacture of electrical equipment
600 jobs Number of planned job losses
Announcement Date
4 May 2005
Employment effect (start)
6 May 2005
Foreseen end date
31 December 2006
Description
Bosch Siemens Hausgeräte, a joint venture of Bosch and Siemens and manufacturer of household appliances, has announced the closure of its washing machine plant in Berlin-Spandau. Weak demand for washing machines and strong competition has put pressure on prices and thus makes restructuring necessary. Production will be relocated to a plant in Brandenburg that also suffers from over-capacity. The management will enter negotiations with employees' representatives and work on a redundancy program, as announced in a press release.
Sources
6 May 2005: Handelsblatt
Citation
Eurofound (2005), Bosch Siemens Hausgeräte, Relocation in Germany, factsheet number 61532, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61532.
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