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Brose to Cut 2000 Jobs in Germany

Auto News - Published on Fri, 18 Oct 2019

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The transformation of the automotive industry and a declining market, particularly in China, global price pressure but also internal causes have affected business development in the Brose Group. To promote growth and increase competitiveness, the corporate group has launched the “Future Brose” renewal program. The goal is to achieve several hundred million euros in savings, thereby creating the financial latitude needed for investments in renewal and growth. Mr Kurt Sauernheimer, CEO of the Brose Group, said “We will take decisive action. We want to improve quality, develop cutting-edge product innovations and reduce costs in the mid three-digit million range to increase our competitiveness. This is necessary to secure orders, growth and work for our employees.”

In order to strengthen the company, workflows will be streamlined and hierarchies broken down. Other measures include qualification and retraining of staff with regard to digitization in development, administration and production. The automotive supplier is therefore looking to hire more software and IT specialists.

Global competition is also forcing Brose to move jobs to low-wage countries. Brose plans to reduce the number of current jobs in Germany by around 2,000, mostly in the central and business divisions, by late 2022. This will primarily affect the locations Bamberg, Hallstadt, Coburg and Wurzburg. Brose will relocate closure systems production from Wuppertal, where around 200 people are currently employed. Some 600 jobs will be eliminated in the Coburg, Wurzburg, Hallstadt and Berlin plants.

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Posted By : Mohan Sharma on Fri, 18 Oct 2019
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