Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Beauvais (Oise), Saint Barthélemy d'Anjou (Maine et Loire), Moulins (Allier), Pont de l'Arche (Eure), Vénissieux (Rhône)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

371 jobs
Number of planned job losses
Job loss
Announcement Date
4 June 2006
Employment effect (start)
Foreseen end date
29 December 2006

Description

Bosch 'Systèmes de Freinage France', or BSFR, the French braking systems unit owned by the German group Bosch, has presented to its works council a restructuring plan that will mean a reduction of up to 371 jobs without redundancies. Despite a business plan launched in 2003 and 2004, according to the company, the braking division continues to generate losses. It predicts that it will not be able to return to the black by the end of this year as it had hoped, due to increases in raw materials costs and downward pressure on prices. Management expected to eliminate (end of 2006) the jobs through the non-renewal of temporary contracts and early retirements.


Sources

  • 5 June 2006: Les Echos

Citation

Eurofound (2006), Bosch Systèmes de Freinage France (BSFR), Internal restructuring in France, factsheet number 63593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63593.