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FAULHABER Drive Systems

February: Bosch, Miele, Continental, Forvia, Thyssenkrupp Steel

February:

The wave of layoffs at Bosch unfortunately continues in February. Here, the group announced to the dpa that it plans to cut a total of 560 jobs in its tool division by the end of 2026. This affects over a quarter of the approximately 2,000 employees at the Leinfelden-Echterdingen location in Baden-Württemberg. According to Bosch, the reason for the reduction is the changed market and customer requirements. Some activities are also to be outsourced to cheaper locations abroad.

Read more about the background here:

Personal

Bosch plant Stellenabbau in Werkzeugsparte

Already in February, the "Handelsblatt" reported about a massive planned job cuts at the household appliance manufacturer Miele. Around 2,000 jobs were to be cut worldwide. Things became more concrete in June: Miele announced that around 1,300 jobs in Germany were affected by the cuts - this corresponds to about every ninth job. In particular, jobs in the headquarters in Gütersloh would be cut. The company is relying on severance payments and early retirement schemes.

You can find more detailed information here:

Wieder Entlassungen

Miele will weltweit 2.000 Stellen abbauen

The Continental Group announced in February that it would cut around 7,150 jobs worldwide in its automotive supply division. This largely affects the administrative areas (5,400 jobs), but also employees in research & development (1,750 jobs). In Germany, this includes the sites in Wetzlar and Schwalbach, which are to be dissolved. Of the approximately 2,300 employees, 1,100 will be relocated to the new sites in Frankfurt and Babenhausen. The remaining 1,200 positions will be completely eliminated. Finally, the Continental subsidiary Contitech also announced that it would restructure its hose business in Lower Saxony, Hesse and Thuringia. The result: around 640 jobs in Germany will be cut.

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Zulieferer

Continental streicht in Autozuliefersparte rund 7.150 Stellen

Zulieferer

Continental schließt zwei Standorte in Deutschland

Zulieferer

Contitech baut über 600 Stellen ab

The French automotive supplier Forvia announced in February that it intends to cut a total of 10,000 jobs in Europe over the next five years. However, this is to be implemented primarily by the group being more restrained in hiring and not filling vacant positions. Forvia CFO Olivier Durand ruled out massive job cuts through layoffs in an interview with the "Handelsblatt".

You can find more details about it here:

Zulieferer

Forvia will mittelfristig 10.000 Stellen abbauen

As early as February, Thyssenkrupp Steel announced a repositioning. Supervisory board chairman Sigmar Gabriel did not want to rule out a reduction in employment even then. The confirmation came in April: In order to make the company fit for the future, the production capacities in Duisburg are to be reduced from 11.5 million tons to 9 to 9.5 million tons. This is also associated with a planned reduction in jobs. However, the steel manufacturer did not give any concrete figures. In June, there was then the all-clear for many employees: Thyssenkrupp Steel ruled out layoffs due to operational reasons as part of the restructuring. However, there will probably still be job cuts.

Read all the background on this here:

Neue Wege

Thyssenkrupp Steel kommt um Neuaufstellung nicht herum

Harte Entscheidung

Thyssenkrupp kündigt Stellenabbau an

Entwarnung

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