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
1,250 jobs Number of planned job losses
Announcement Date
7 February 2007
Employment effect (start)
1 March 2007
Foreseen end date
31 December 2011
Description
Bosch, a leading manufacturer in automotive technology, will cut 1,250 jobs by the end of 2011 in Stuttgart. An agreement reached between the management and the works council finally settled a long lasting conflict on planned job reduction measures at the Bosch plant in Stuttgart Feuerbach. The plant, which currently employs a workforce of 12,000 people, produces fuel engine pumps for the car industry. Due to the termination of a supplier contract for a specific pump model with car manufacturer Volkswagen in 2009, Bosch is planning to reduce a significant number of the manufacturing staff.
According to the agreed social plan, 250 jobs will be cut per year. There will be no direct dismissals until about the middle of 2010. 180 jobs will be cut by not substituting employees who leave the company because of retirement or other individual reasons. The remaining jobs shall be cut by providing incentives to leave the company voluntarily, offering compensation for job loss, which shall exceed the average of other social plans. Bosch has agreed to increase its investments in the plant.
Sources
8 February 2007: Frankfurter Allgemeine Zeitung
8 February 2007: Financial Times Deutschland
8 February 2007: Handelsblatt
Citation
Eurofound (2007), Bosch, Internal restructuring in Germany, factsheet number 64926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64926.
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