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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
310 jobs Number of planned job losses
Announcement Date
27 May 2014
Employment effect (start)
26 May 2014
Foreseen end date
31 December 2016
Description
Bosch Rexroth is to cut 310 jobs at its sites in Schweinfurt and Volkach in the next two years. According to the company the job reduction is due to overcapacity. Around 2,000 people work at the two sites, 1,630 in Schweinfurt and about 400 in Volkach. The management excluded direct dismissals and intends to transfer employees to other positions within the Bosch Group, offer early retirement or severance payments.
Bosch Rexroth is a German supplier of tailored solutions for driving, controlling and moving equipment/machinery. The company employs 36,700 people in total and belongs to the Bosch group. As reported, in 2013 the business volume decreased by 13 pc compared to 2012.
The company has recently announced a restructuring plan affecting its site in Lohr.
Sources
27 May 2014: Nürnberger Nachrichten
26 May 2014: Bayerischer Rundfunk
Citation
Eurofound (2014), Bosch Rexroth, Internal restructuring in Germany, factsheet number 77135, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77135.
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