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, a German engineering company, is planning to move parts of the activities from its German plants in Horb (Baden-Württemberg) and Elchingen (Bavaria) to its Turkish plant in Bursa. Around 300 employees may be affected by these measures. This step is aiming at a cost reduction.
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. The Turkish plant in Bursa was founded in 2005 with 880 employees currently working there.
In November 2014, Bosch Rexroth has already announced a plan to cut 580 jobs at the company’s headquarters in Lohr am Main where currently 6,000 people are employed and at its 11 other sites in Germany (see November 2014 and May 2014).
Eurofound (2015), Bosch Rexroth, Offshoring/Delocalisation in Germany, factsheet number 84416, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84416.