Company/Organisation:
Brose
Geographic Location
Country:
Germany
Location of affected unit(s):
Coburg, Bamberg, Hallstadt, Würzburg
Company
Sector:
Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed:
9000
Employment Effects
Announcement Date:
10-06-2020
Planned Job Reductions min:
2000
Planned Job Reductions max:
2000
Type of Restructuring:
Internal restructuring
Employment Effect Start:
10-06-2020
Foreseen End Date:
01-01-2022
Other Job Reduction Measures:
2000
Additional Information
German automotive supplier Brose plans to cut 2,000 jobs in Germany until 2022 due to internal restructuring. While the announcement was made before the COVID-19 crisis, details have been published recently. The decision will mainly affect employees in Bavaria -among others at Coburg, Bamberg, Hallstadt and Würzburg. Brose intends to create new jobs and build a new plant in Serbia, but no further details have been disclosed for this operation.
The company is expecting drop in sales by 25% for 2020; 2019 was a turbulent financial year for Brose. With the COVID-19 crisis and sales expected to be down by 25% in 2020, this job reduction is considered inevitable in order to become profitable again.
Brose has 9,000 employees in Germany.
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