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.
100 jobs Number of planned job losses
Announcement Date
16 August 2017
Employment effect (start)
16 August 2017
Foreseen end date
31 December 2017
Description
On 16 August 2017, the German engineering and electronics company Bosch Rexroth, a subsidiary of Bosch, announced it will close its Fellbach plant by the end of 2017, resulting in the loss of 100 jobs. Bosch Rexroth produces industrial hydraulics components. The closure is part of a plan to optimise processes and reduce costs.
The German Metalworkers’ Union confirmed that a social plan has been negotiated, offering early retirement and semi-retirement programmes as well as severance payments to half the employees. The remaining employees have been relocated to other plants within the Bosch-Group.
Eurofound (2017), Bosch Rexroth, Closure in Germany, factsheet number 91737, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91737.
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