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. 28.24 - Manufacture of power-driven hand tools
New offshoring locations
Hungary
140 jobs Number of planned job losses
Announcement Date
28 May 2019
Employment effect (start)
Foreseen end date
Description
Manufacturer Bosch has announced plans to cut 140 jobs from its garden power tools site in Stowmarket, Suffolk. Currently around 250 people are employed at the premises. A consultation with affected staff and their representatives is reportedly underway, the proposal being that jobs are moved to a site in Hungary. The timing of the changes will be determined as part of that consultation process. The company has pointed to its strategic business development as the reason for offshoring rather than the continued uncertainty around the UK's relationship with the EU. The Unite union has described the proposals as a 'body blow for the region'.
Eurofound (2019), Bosch, Offshoring/Delocalisation in United Kingdom, factsheet number 97905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97905.
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