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.
Brandenburg; Brandenburg an der Havel; Kreisfreie Stadt
Location of affected unit(s)
Brandenburg an der Havel
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.9 - Manufacture of other electrical equipment
160 jobs Number of planned job losses
Announcement Date
19 May 2016
Employment effect (start)
19 May 2016
Foreseen end date
31 December 2016
Description
German technology provider Bosch will end its activities in the solar energy sector and close down its development site Bosch Solar CISTech in Brandenburg by the end of 2016. As a result of this measure 160 jobs will be cut. The company already announced to quit photovoltaic activities in March 2013. Since 2014, Bosch has been negotiating with several investors, however, none of the potential buyers was prepared to or capable of guaranteeing the continuation of the site and employment of the workforce (see also 03.2014). The executive board and employee representatives are currently negotiating the terms of restructuring. The management emphasises the importance of socially acceptable restructuring measures. Employees can opt for early retirement, severance payment or move to a transition company. Ten employees already found a new job within the company, other ten employees found a follow-on employment outside the company. Apprentices can move to another site and finish their apprenticeship.
Bosch, headquartered in Gerlingen (Baden-Wuerttemberg), currently employs around 375,000 staff worldwide. Over 130,000 employees work in Germany.
Sources
19 May 2016: pv magazine
19 May 2016: Rbb Online
Citation
Eurofound (2016), Bosch, Closure in Germany, factsheet number 87623, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87623.
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