EMCC European Monitoring Centre on Change

Brose

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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