EMCC European Monitoring Centre on Change

Bosch Automotive Steering

Company/Organisation:
Bosch Automotive Steering

Geographic Location

Country: Germany
Region: Ostalbkreis; Stuttgart; Baden-Württemberg
Location of affected unit(s): Schwäbisch Gmünd

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 4700
Group: Bosch

Employment Effects

Announcement Date: 02-07-2020
Planned Job Reductions min: 1850
Planned Job Reductions max: 1850
Type of Restructuring: Internal restructuring
Employment Effect Start: 02-07-2020
Foreseen End Date: 31-12-2026
Other Job Reduction Measures: 1850

Additional Information

Automotive supplier Bosch Automotive Steering announced that it intends to cut 1,850 jobs at its site in Schwäbisch Gmünd by the end of 2026. The company and the works' council agreed on a redundancy programme that excludes compulsory redundancies. The job cuts are to be realised by early or partial retirement schemes and voluntary leaves. Already in December 2019, parent company Bosch had announced a larger redundancy programme affecting different parts of the company and leading to a total job loss of around 3,500 jobs. Regarding the site in Schwäbisch Gmünd, the company also stated it would make an investment worth €350 million, to develop new technologies and product lines and provide a long-term perspective for the establishment in Schwäbisch Gmünd.

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