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.
Bosch Rexroth announced its plan to cut 580 jobs by the end of 2016. 520 of them will be cut in the company’s headquarters in Lohr am Main where currently 6,000 people work and the remaining 60 jobs will be cut at 11 other sites in Germany.
The measure will mainly affect the administration department to make it more competitive. According to a spokeswoman, the reduction shall be implemented in a socially acceptable manner including severance payments and an early retirement scheme. Furthermore, the company will try to find adequate job alternatives within the Bosch Group. The company named structural problems and a strongly decreasing turnover as the main reasons for the reduction in staff.
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.
In May 2014, Bosch Rexroth has already announced a plan to cut 310 jobs at its sites in Schweinfurt and Volkach.
Moreover, there has already been a restructuring plan for the site in Lohr in 2013.
Eurofound (2014), Bosch Rexroth, Internal restructuring in Germany, factsheet number 77849, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77849.